In a Certain City, the Local Government Regulates the Destruction

question 482

Multiple Choice

In a certain city, the local government regulates the destruction of historic buildings and provides tax breaks to owners of historic buildings who restore them. These government policies

• A)reflect the fact that restored historic buildings convey a positive externality.
• B)reflect the fact that the destruction of historic buildings conveys a positive externality.
• C)are likely to worsen the market failure that is associated with historic buildings and the restoration of such buildings.
• D)are likely to decrease the well-being of society as a whole.

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Definitions:

Neural Communication

The process by which neurons transmit information through electrical and chemical signals across synapses.

Glial Cells

Non-neuronal cells in the central nervous system and the peripheral nervous system that support, protect, and nourish neurons.

Functions

The natural purpose or actions that an object or individual is designed or expected to perform.

Transcranial Magnetic Stimulation

A noninvasive procedure that uses magnetic fields to stimulate nerve cells in the brain to improve symptoms of depression.