Which of the Following Statements Is Not Correct

question 261

Multiple Choice

Which of the following statements is not correct?

• A)A patent is a way for the government to encourage the production of a good with technology spillovers.
• B)A tax is a way for the government to reduce the production of a good with a negative externality.
• C)A tax that accurately reflects social costs produces the socially optimal outcome.
• D)Government policies cannot improve upon private market outcomes.

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Definitions:

Vocabulary

A set of words and phrases used within a particular language or among a particular group of people.

Social Consciousness

Awareness of the society and issues affecting it, often motivating action towards change.

Derogatory Slang

Language terms that are offensive or express a negative attitude towards a particular group of people.

Purist Point of View

Represents a perspective that adheres strictly to traditional principles or methods, often resisting change or adaptation.