Pigouvian Taxes Are Designed to Reduce

question 126

Multiple Choice

Pigouvian taxes are designed to reduce:

• A)the marginal cost of production.
• B)the marginal benefit of consumption.
• C)external costs.
• D)external benefits.

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Definitions:

January 1, 1863

The date when the Emancipation Proclamation was officially issued by President Abraham Lincoln, declaring the freedom of all slaves in Confederate territory.

Special Order No. 15

A military order issued during the American Civil War that confiscated as Union property a strip of coastline stretching from Charleston, South Carolina, to the St. John's River in Florida, and redistributed it to freed African American families in forty-acre parcels.

South Carolina Sea Islands

Islands along the coast of South Carolina, known for their unique Gullah culture and history.

Black Families

Units of social and kinship relationships among people of African descent, characterized by various structures and practices.