The Figure Given Below Shows the Demand and Supply Curves

question 41

Multiple Choice

The figure given below shows the demand and supply curves of automobiles.Figure 13.3
In the figure,
D: Demand curve of automobiles
S: Supply of automobiles prior to the tax
S+t: Supply of automobiles after the tax

-The Clean Air Act of 1972 required some companies to install the "best available" pollution control technologies. This is an example of:

• A)the government using a subsidy to encourage a negative externality.
• B)the government using the command approach to discourage a negative externality.
• C)the government using the command approach to encourage a positive externality.
• D)a marketable pollution permit.
• E)a pollution tax.

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Definitions:

Stimuli

Refers to anything that evokes a response in an organism or in any of its parts.

Interpreting

The act of explaining the meaning of something, especially translating spoken language into another language.

Organizing

The process of arranging or structuring elements in a systematic way to achieve order and efficiency.

Selective Attention

Process of focusing on specific stimuli, locking on to some things in the environment and ignoring others.