If production of a good produces an external benefit, in order for the marginal social cost to equal the marginal social benefit
A) the good should be taxed.
B) permits should be required to purchase the good.
C) the good could be subsidized.
D) the government needs to take no action.
C
Economics
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Discuss why the stratification of a society is important to business.
What will be an ideal response?
Economics
Dolly the sheep made headlines in 1997 because she was the first mammal cloned from the cell of another adult mammal. This technique may eventually allow farmers to clone whole herds of healthy animals. a . Explain what effect a successful sheep cloning
program could have on the market for lamb. b. Explain what effect a successful sheep cloning program could have on the markets for beef and chicken, assuming that cattle and chicken cannot be cloned.
Economics