A local manufacturing plant that emitted sulfur dioxide was forced to stop production because it did not comply with local clean air standards. This decision provides an example of
a. a direct regulation of an externality.
b. corrective taxes.
c. a Coase theorem solution to an externality.
d. the misuse of a subsidy.
a
Economics
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In general, the purpose of markets is to facilitate the exchange of goods and services between buyers and sellers
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following reasons best explains why Julio mows his lawn, cleans up trash in his yard, paints his shutters, and does other maintenance projects on his house?
A. Scarcity B. Opportunity cost C. Property rights D. Specialization and trade
Economics