1. A beneficial spillover is known as a: Negative externality Positive Externali
ID: 3416386 • Letter: 1
Question
1.
A beneficial spillover is known as a:
Negative externality
Positive Externality
Neutral Externality
None of the above
2.
Potential solutions for addressing negative externalities include:
Taxation
Regulation
Property Rights
All of the above
3.
What is one problem with using taxation as a solution to an externality problem?
Taxes encourage more production.
Government won't be able to find a way to spend all the new tax revenue.
Monitoring can be costly.
4.
A property rights solution works when the following three characteristics are present:
Well defined, divisible and defendable
Unenforceable, ambiguous and redundant
Arbitrary, complicated and excessive
Property rights are never a solution
Negative externality
Positive Externality
Neutral Externality
None of the above
2.
Potential solutions for addressing negative externalities include:
Taxation
Regulation
Property Rights
All of the above
3.
What is one problem with using taxation as a solution to an externality problem?
Taxes encourage more production.
Government won't be able to find a way to spend all the new tax revenue.
Monitoring can be costly.
4.
A property rights solution works when the following three characteristics are present:
Well defined, divisible and defendable
Unenforceable, ambiguous and redundant
Arbitrary, complicated and excessive
Property rights are never a solution
Explanation / Answer
1. Positive Externality
2. all the above
3.Monitoring can be costly.
4. Well defined, divisible and defendable
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