If Utilities Pollute the Air Too Much in Private Equilibrium,corrective

question 45

Multiple Choice

If utilities pollute the air too much in private equilibrium,corrective taxation of the utilities would:

• A) shift the private marginal cost curve downward.
• B) shift the private marginal cost curve upward.
• C) reduce pollution and shift the private marginal cost curve downward.
• D) reduce pollution and shift the private marginal cost curve upward.

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Definitions:

Standing Army

A permanent, professional army maintained during both war and peace times.

Democratic Debate

A structured discussion in the context of a democracy where candidates or parties present their views on various issues to inform voters and gain support.

Truman Doctrine

A United States foreign policy established in 1947 to counter Soviet geopolitical expansion during the Cold War through economic and military aid to countries resisting communism.

Containment

A foreign policy strategy aimed at stopping the expansion of an enemy or ideology, particularly communism during the Cold War.