An Advantage of Imposing a Tax on the Producer That

question 151

Multiple Choice

An advantage of imposing a tax on the producer that generates pollution is that

• A)it forces the polluting producer to internalise the external cost of the pollution.
• B)the government can keep tabs on exactly what is produced in an industry.
• C)it will eliminate pollution.
• D)a producer can pass the cost of the pollution to consumers.

Understand the processes behind obedience to authority.

Identify the effects of group dynamics on individual actions, including deindividuation and the bystander effect.

Recognize the importance of altruistic behavior and the conditions that promote it.

Explain the role of social influence in shaping perceptions, attitudes, and actions.

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Definitions:

Utility Bill

A bill for services provided by a utility company, such as electricity, water, natural gas, or telecommunications.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the capital owned by the owners or shareholders.

Assets

Resources owned by a business that have economic value and can be converted into cash.

Liabilities

Financial obligations or debts owed by a company to third parties, which must be settled over time through the transfer of assets, provision of services, or other means.