1. | An externality is: |
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B. |
C. |
2. | A negative externality has an impact which is beneficial. |
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B. |
3. | Externalities... |
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D. |
4. | Incentivising buyers/sellers to take external effects of their actions into account is known as internalizing an externality. |
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B. |
5. | Positive externality: |
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B. |
C. |
D. |
6. | Government action is the only way of solving externalities. |
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7. | The Coase Theorem implies that private parties can solve externalitiy problems independantly if: |
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8. | The government can remedy externalities by: |
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C. |
9. | A Pigovian Tax is a: |
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10. | Tradable pollution permits... |
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B. |
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D. |
E. |
11. | Property rights grant the exclusive right of a party to determine how a resource is used. |
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B. |