In the Case of a Negative Externality,in Order to Achieve

question 55

Multiple Choice

In the case of a negative externality,in order to achieve efficiency the government must set the _________________ equal to the marginal ____________________.

• A) tax; external costs
• B) tax; external benefits
• C) subsidy; external costs
• D) subsidy; external benefits
• E) tax; private costs

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Definitions:

Asset-based

An approach that focuses on the strengths and potentials of individuals or communities, rather than their deficits.

Family-centered

An approach or practice that places the family at the center of decisions and planning, emphasizing the importance of family in an individual's life.

Home-visiting Program

Home-visiting programs are services delivered by professionals, such as nurses or social workers, directly to families' homes with the aim of providing support, education, and resources to parents and children.

Training Program

A structured plan designed to impart specific skills or knowledge to participants for personal development or career advancement.