Governments Can Increase the Consumption of a Product That Creates

question 55

Multiple Choice

Governments can increase the consumption of a product that creates positive externalities by

• A)subsidising the production of the product so that the supply is increased and market price is reduced.
• B)taxing the production and consumption of the product.
• C)convincing everyone to consume the good.
• D)assigning property rights to the producers of the product.

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Definitions:

Improvements

Enhancements or betterments to a situation, process, product, or service.

More than 50%

Describes a quantity or proportion that exceeds half of a total amount or population.

LGBT Community

A diverse group of individuals who identify as lesbian, gay, bisexual, transgender, and other non-heteronormative sexual orientations and gender identities.

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc., in a group or organization.