To Internalize a Negative Externality, _____

question 34

Multiple Choice

To internalize a negative externality, _____.

• A)a producer's costs should be reduced by an amount equal to the external cost resulting from the production of a good
• B)a producer's costs should be increased by an amount equal to the external cost resulting from the production of a good
• C)a producer should receive a subsidy equal to the external cost resulting from the production of a good
• D)the government should take over the production of a good
• E)the government should sell a good only to those who are willing to bear the burden of the externality in the form of high prices

Understand the consequences of societal biases on minority and marginalized groups.

Understand the impact of technological innovations and internet access on American society and the global economy.

Identify key political figures and their roles in shaping U.S. and international policies during the late 20th century.

Recognize pivotal moments in the struggle for civil rights and social justice within the United States.

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Definitions:

Assets

Resources owned or controlled by a business or individual, expected to bring future economic benefits.

Accounting Equation

The foundational principle of accounting representing the relationship between a company’s assets, liabilities, and equity: Assets = Liabilities + Equity.

Vehicle

A means of transportation, such as a car, truck, motorcycle, or bicycle, that facilitates the movement of people or goods from one place to another.

Credit

Credit refers to the trust which allows one party to provide resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources at a later date.