In Order to Internalize the Externality Due to Pollution, the Government

question 115

Multiple Choice

In order to internalize the externality due to pollution, the government should impose a tax based on

• A) the economic damage associated with the pollution.
• B) the physical amount of pollution.
• C) the size of the firm causing the pollution.
• D) the value of the pollution-causing business activity.

Know the social and ethical responsibilities of social workers to the broader society, including social justice and human rights.

Understand the concepts related to ethical decision-making and solving ethical dilemmas in social work.

Recognize the importance of maintaining the integrity and accountability of the social work profession through ethical conduct.

Understand the significance of professional competence and continuous learning.

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Definitions:

Inventory Supplies

Items or materials kept on hand by a business for the production process or for sale.

Unearned Revenue

Money received by a business for goods or services yet to be provided, recorded as a liability until earned.

Liability Account

An accounting record that shows the current and future financial obligations a company owes to others.

Asset Account

An account on a company's balance sheet that represents a resource controlled by the company from which future economic benefits are expected.