Which of the following is an example of a command and control policy to address an externality? O Requiring car manufacturers place a catalytic converter on cars to reduce engine emissions A subsidy for beekeepers to encourage pollination A tax on cigarettes to reduce second hand tobacco smoke A tax on gasoline to reduce engine emissions

Which of the following is an example of a command and control policy to address an externality? O Requiring car manufacturers place a catalytic converter on cars to reduce engine emissions A subsidy for beekeepers to encourage pollination A tax on cigarettes to reduce second hand tobacco smoke A tax on gasoline to reduce engine emissions

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter8: Market Failure

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Which of the following is a good example of a negative externality? A) Tom drives home drunk instead of taking an Uber B) Miguel buys an exercise bike on Facebook Marketplace C) Michelle paints her house, and the neighbors enjoy looking at her freshly painted house D) Jane joins Match.com
The following are some products that generate negative externalities. What are the negative externalities associated with these products? a)The construction of condominium buildings that involve pile driving b) Ocean-based farmed salmon production: c) Cigarettes use Excessive alcohol consumption d)Automobile use (especially powered by fossil fuel)
Does an externality cause total surplus to increase or decrease?
Which of the following is an example of a negative externality? O the benefit you receive when your neighbour installs a smoke detector the reduction in profits for your company that occurs when there is a decrease in consumer demand for the product you manufacture the change in the property values of your neighbours' homes when you paint your house and landscape your front yard the sleep you lose when your neighbour throws a loud party that keeps you awake 00OO
why do externalities make market outcomes inefficient?
An example of an externality is:a) the irritation you feel when you drive past a gas station offering a 20% discount on gas, having just filled your tank for full price at a station 100 meters up to the roadb) the penalty paid by a coal mining company after it is caught illegally dumping toxic waste into a riverc) the injury suffered by a cyclist who, in your delirious rage over missing the bargain at the gas station, you inadvertently force off the road as you drive past the gas stationd) the price paid by an electricity company for an emission certificate on the European Trading Scheme, allowing it to emit a specified level of CO2
From CNN what news article represents an issue ragards to Externalities or that can be realted to externalities? Cite at least one source (News Article, Video, etc.) for any data. Explain: What is the Economic issue? (Describe the issue) What is the connection to Externalities? (positive, negative, policy) (Use Math, Graph or data to explain or support your idea) Explain how this affects the Economy (individual, industry, national or global)
A student using an e-cigarette in a library emits clouds of vapor that disrupt others working close to them. is this market power or externality
With this type of externality, in the absence of government intervention, the market equilibrium quantity produced will be socially optimal quantity. Which of the following generate the type of externality previously described? Check all that apply. greater less than the A microbiology lab has published its breakthrough in swine flu research. The city where you live has turned the publicly owned land next to your house into a park, causing trash dropped by park visitors to pile up in your backyard. Alex has planted everal in his backyard that ncrease the beauty of the neighborhood, especially during the fall foliage season. Your roommate Eileen has bought a puppy that barks all day while you are trying to study economics.