To achieve a high standard of living, a nation should:
a. increase welfare payments to the poor

b. use less capital and more labor in the production process.
c. promote economic growth.
d. increase the tax deduction for child dependents.

c

Economics

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The government is considering levying a tax on the pollution generated from two electric power plants (Plant A and Plant B)

Plant A is located in a city with a high density of population, and Plant B is located in the rural area with a low density of population. The government should A) levy the same tax per unit of pollution on both plants. B) levy a higher tax per unit of pollution on Plant A because of its higher economic damage. C) levy a higher tax per unit of pollution on Plant B because of its lower economic damage. D) tax only Plant A but not Plant B because Plant B generates less revenue.

Economics

What is the consequence of a positive externality in a market? What is the consequence of a negative externality? Why those consequences occur?

What will be an ideal response?

Economics