When collective action is taken,e.g. ,the passing of a new law,it is frequently an attempt to
A) eliminate a negative externality.
B) encourage a positive externality.
C) increase the income of lawyers.
D) correct a resource misallocation due to an externality.
E) further burden the operation of the economy.
Correct Answer:
Verified
Q1: The existence of externalities results in
A) harm
Q2: If an unregulated activity produces a negative
Q3: Parties affected by externalities have an incentive
Q5: One of the reasons why private markets
Q6: Suppose that coal mining produces a negative
Q7: When some fraction of the benefit of
Q8: Which one of the following factors would
Q9: Which of the following is NOT an
Q10: Assume that reading produces a positive externality.It
Q11: A motorist with a noisy muffler will
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