-When the Government Makes the People Creating an Externality, Pay

question 87

True/False

-When the government makes the people creating an externality, pay for it, the externality is said to be internalized.

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Definitions:

Prices Received

The amounts of money received by producers or sellers for the goods or services they sell, often subject to market conditions and demand.

Agriculture Sector

A segment of the economy focused on the production, processing, and distribution of food, fiber, and other related products.

Farm Output

The total quantity of agricultural products produced by a farm.

Parity Ratio

A term not defined in standard economic texts, potentially referring to comparative measures of commodities, incomes, or other economic indicators, effectively requiring further context for accurate explanation.