Which of the following is not a potential problem in using corrective taxation to deal with a negative externality?
a. Measuring the cost of the externality.
b. Estimating the supply curve of the externality creator.
c. Determining who is responsible for the externality.
d. Determining how the tax should be applied.
b
Economics
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If a country's real GDP is growing at 5 percent and the population is also growing at 5 percent, its:
a. per capita real GDP grows at an increasing rate. b. per capita real GDP grows at a constant rate. c. population growth will eventually exceed real GDP. d. per capita real GDP decreases at a constant rate. e. per capita real GDP does not change.
Economics
Individuals who specialize in activities that lower transaction costs are
A) consumers. B) producers. C) bureaucrats. D) middlemen.
Economics