Governments Can Increase the Consumption of a Product That Creates

question 248

Multiple Choice

Governments can increase the consumption of a product that creates positive externalities by

• A)subsidizing the production of the product so that the supply is increased and market price is reduced.
• B)taxing the production and consumption of the product.
• C)convincing everyone to consume the product.
• D)assigning property rights to the producers of the product.

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Definitions:

Discrimination

Discrimination refers to the unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Wage Rate

The amount of compensation a worker receives per unit of time or per task completed.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or gender.

U.S. Population

The total number of people living in the United States, including all citizens, residents, and immigrants.