Voluntary Agreements May Not Be a Feasible Method to Internalize

question 121

Multiple Choice

Voluntary agreements may not be a feasible method to internalize an externality when

• A) the dollar value of the externality is large.
• B) the externality is negative rather than positive.
• C) there are significant transaction costs.
• D) there are high taxes on the firms that cause the externalities.

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Definitions:

Parallel Structure

Using the same grammatical and logical form for words, phrases, clauses, and ideas in a series.

Job Duties

Specific tasks and responsibilities associated with a particular job position.

Emphatic Order

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A document that summarizes an individual's work experience, education, skills, and achievements, often used as part of a job application.