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Home Q & A Board Other Fields Homework Help Business Economics
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shayeshaye00 shayeshaye00
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4 years ago

Question 1.

Taxes on a producing firm's spillovers



▸ are designed to make it easier for economists to measure spillovers.

▸ will lead to a zero level of output.

▸ are simply meant to force decision makers to consider the full costs of their actions.

▸ are designed primarily as a way to raise money so that the government can compensate the victims of the externality.

Question 2.

You accidentally run into your next door neighbor's fence and destroy it. Your neighbor sues you and you are required to pay $1,000 to repair the fence. This is an example of



▸ the Coase theorem.

▸ a liability rule.

▸ an injunction.

▸ the free-rider problem.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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brigettelearnbrigettelearn
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shayeshaye00 Author
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4 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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