Imposing a Pigouvian Tax on a Good,establishing a System of Tradable

question 37

Multiple Choice

Imposing a Pigouvian tax on a good,establishing a system of tradable licences,and assigning property rights are methods to alleviate the problems associated with:

• A) private goods.
• B) positive externalities.
• C) public goods.
• D) common resources.

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Definitions:

Psychosocial Development

A theory that describes the stages of psychological and social development through which individuals pass from infancy to adulthood.

Identity

A concept referring to a person's perception of self, in terms of distinguishing characteristics, values, and social relations that give individuals a sense of who they are.

Role Confusion

A situation in which an adolescent does not seem to know or care what his or her identity is. (Sometimes called identity diffusion or role diffusion.)

Tangible Benefits

Refers to measurable and concrete advantages or gains resulting from an action or investment, such as cost savings or increased revenues.