If Some Activity Creates External Benefits as Well as Private

question 142

Multiple Choice

If some activity creates external benefits as well as private benefits, then economic theory suggests that the activity ought to be:

• A) Taxed
• B) Prohibited
• C) Subsidized
• D) Left alone

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Definitions:

Powers

The result of raising a base number to the exponent specified, indicating how many times the base is multiplied by itself.

Five-Figure Accuracy

A measurement precision where values are accurate up to five digits.

Solve For X

A common mathematical problem-solving phrase that involves finding the value of the variable 'x' that satisfies a given equation.

Solve For X

"Solve for X" is an instruction in mathematics to find the value of the variable X that satisfies a given equation.