If the punishment is _________,or the likelihood of getting caught is _________,the cost associated with breaking a ban may not be high enough to change the trade-off that consumers face.
A) not severe; low
B) severe; high
C) severe; low
D) not severe; high
Correct Answer:
Verified
Q73: When choosing the right amount of a
Q96: A government ban on a good that
Q97: Using a common resource:
A)creates a positive externality
Q97: The costs involved with breaking a ban
Q99: One "design principle" that makes informal,community-based solutions
Q100: Not having to pay for a good
Q102: Like negative externalities,tradable permits are useful in
Q103: Bans are applied to:
A) common-resource problems.
B) reduce
Q104: When the optimal quantity of consumption is
Q106: Bans or quotas that limit the use
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