When the government imposes a tax equal to the external cost of producing a product that causes pollution, the government is said to externalize the externality

Indicate whether the statement is true or false

FALSE

Economics

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How can a combination of goods be unattainable?

What will be an ideal response?

Economics

If social cost exceeds private cost, there is

A) underproduction of a good. B) a negative externality. C) a positive externality. D) too little economic profit in the activity.

Economics