Suppose a firm pollutes a river when it produces a product. To achieve the efficient amount of output, a government could impose a ________ that equals the ________ of the pollution

In 2012, what percentage of total income in the U.S. was earned by the richest fifth of all U.S. households?

a. 20% b. 30% c. 40% d. 50%

An unintended consequence of price ceilings is:

A. the loss of surplus always outweighs the benefits of the policy. B. the producers increase the quality of the goods sold. C. non-price rationing must occur, and can lead to bribes. D. the transfer of surplus from producer to consumer rarely is recognized.