To totally internalize an externality, a government can levy a tax related only to the physical quantity of pollution if
A) the economic damages associated with the pollution are different across different locations.
B) the economic damages are too large to be determined.
C) the economic damages associated with the pollution are the same across different locations.
D) the economic damages are zero.
C
Economics
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Which factor of production is paid "profit"?
A) entrepreneurship B) human capital C) labor D) land E) capital
Economics
Which of the following would be classified as a personal consumption expenditure?
a. All of the following. b. Your purchase of a newly constructed house c. Your purchase of a preowned house. d. Your purchase of one share of Microsoft stock. e. Your purchase of this economics course.
Economics