The government can use taxes to
A) change production in a market with an external cost to the efficient amount.
B) change production in a market with an external benefit to the efficient amount.
C) increase production.
D) decrease price.
A
Economics
You might also like to view...
A number whose movement reflects movement in the average level of prices is called
A. unemployment. B. inflation. C. a price index. D. an unemployment rate.
Economics
In the market for jeans, which of the following events increases the de-mand for a pair of jeans?
A. The wage rate paid to garment workers rises. B. The price of a denim skirt (a substitute for jeans) rises. C. The price of denim cloth falls. D. New technology reduces the time it takes to make a pair of jeans.
Economics