A Cost Imposed on Someone Who Is Neither the Consumer

question 467

Multiple Choice

A cost imposed on someone who is neither the consumer nor the producer is called a

• A)corrective tax.
• B)command and control policy.
• C)positive externality.
• D)negative externality.

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Definitions:

Members

Individuals or entities that are part of an organization or group and typically have certain rights, privileges, or responsibilities associated with membership.

Substantiation

The provision of evidence or proof to support a claim, allegation, or request, typically required in legal and financial contexts.

Limited Liability Companies

A business structure in the United States whereby the owners are not personally liable for the company's debts or liabilities.

Register

An official list or record, for example, of births, marriages, and deaths, legal transactions, or voters.