Explain Ways in Which the Government Can Remedy an Externality

question 24

Essay

Explain ways in which the government can remedy an externality.

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Definitions:

Proportion

A mathematical concept that denotes a part, share, or number considered in comparative relation to a whole.

Dow Jones Industrial Index

A stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.

Currency Cross Rates

These are exchange rates between two currencies, neither of which is the domestic currency of the country where the quote is given.

CPI

The Consumer Price Index is a gauge that determines the composite weighted pricing of various consumer products and services, which encompass medical care, food, and transportation.