24. What is technology spillover? a. a negative externality b. a positive extern

Question

24. What is technology spillover? a. a negative externality b. a positive externality c. a subsidy d. producer surplus 25. What are the benefits of using corrective taxes? They encourage consumers to avoid sales taxes by shopping online. b. a They are frequently used to discourage imports They are rarely preferred to direct regulation. d. c. They give factory owners an economic incentive to reduce pollution. 26. Why are regulations preferred over corrective taxes in order to reduce pollution? a. They cause each factory to reduce pollution to the same maximum level. b. They are a less costly solution to society than a corrective tax. C. They cause pollution levels to drop below the regulated amount. d. Thev are a better solution for the environment than a corective tax. 27. Why are corrective taxes unlike most other taxes? a. They distort incentives b. They move the allocation of resources away from the social optimum. c. They raise revenue for the government. d. They move the allocation of resources closer to the social optimum. 28. What result could private contracts between parties with mutual interests lead to? a. They can only reduce the well-being of society b. They will always lead to market outcomes in which the public interest is sacrificed for personal gain. c. They can solve some inefficiencies associated with positive externalities. d. They will always cause negative extemalities to arise

Explanation / Answer

Answer.)

Q24.) a.) a negative externality

Q25.) d.) they give factory owners an economic incentive to reduce pollution

Q26.) a.) They cause each factory to reduce pollution to the same maximum level.

Q27.) d.) They move the allocation of resources closer to the social optimum.

Q28.) b.) They always lead to market outcomes in which the public interest is sacrificed for personal gain.

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