An increase in the general price level is termed:

Developing-country governments were attracted to planning by the positive example of

a. Great Britain during the 1980s b. The United States during the 1790s c. Japan during the 1870s d. The Soviet Union during the 1950s e. all of the above

Each of the following provides incentives to reduce a negative externality except:

a. merger with affected firms. b. subsidizing consumption of the good being produced. c. bargaining among firms. d. taxation of the externality.