Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 24, 2024

What is an externality? Provide Five examples of externalities. Explain how a Pigovian tax can lead to efficient outcomes in the presence of an externality?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

An externality is a side effect or consequence of an economic activity that affects parties who did ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of economics

Authors: N. Gregory Mankiw

6th Edition

978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042

More Books

Students also viewed these Economics questions

Question

can someone solve this Modern workstations typically have memory systems that incorporate two or three levels of caching. Explain why they are designed like this. [4 marks] In order to investigate...

Answered: 1 week ago

Question

★★★★★

Five roommates are planning to spend the weekend in their dorm room watching movies, and they are debating how many movies to watch. Here is their willingness to pay: Buying a DVD costs $15, which...

Answered: 1 week ago

Question

★★★★★

pop T3 is taken. Give definitions for offset and delay, and compute both for each set of timestamps. Which of the two offsets you have computed would you prefer to use to adjust the time at C, and...

Answered: 1 week ago

Question

★★★★★

The current Occupational Safety and Health Administration (OSHA) ceiling limit for H 2 S is up to 20 ppm for general industry. If the H 2 S meter reads 35 mg/m 3 , is this level above or below the...

Answered: 1 week ago

Question

★★★★★

Suppose, as in the text, that the red, blue, and yellow curves in Figure 20.16 represent the next benefits of a pest eradication program for three farmers, Minnie, Joe Average, and Maxine. No one...

Answered: 1 week ago

Question

★★★★★

Determine the purposes and components of compensation

Answered: 1 week ago

Question

★★★★★

Can action regulation theory always adequately explain our behaviour at work? Explain why or why not.

Answered: 1 week ago

Question

★★★★★

The City of Industry parks department is considering the purchase of a new, more efficient pool heater for its Campbell Swimming Pool at a cost of $28,000. It should save $7,000 in cash operating...

Answered: 1 week ago

Question

★★★★★

Find the price of a bond with YTM = 9.88%, CR = 9.84%, 20 years to maturity and a $500,000 principal. (If your final answer might be wrong, the more of your work you show and is correct, the more...

Answered: 1 week ago

Question

★★★★★

A 0.40-m 3 insulated pistoncylinder device initially contains 1.3 kg of air at 30C. At this state, the piston is free to move. Now air at 500 kPa and 70C is allowed to enter the cylinder from a...

Answered: 1 week ago

Question

★★★★★

1. How many years will it take a $700 balance to grow into $900 in an account earning at 5%? 2. If you borrow $1000 and pay back $1728 in three years, what annual rate of interest are you paying?

Answered: 1 week ago

Question

★★★★★

Provide a point-form summary of the case Supreme Court of Canada Rivtow Marine Ltd. v. Washington Iron Works[1974] S.C.R. 1189 Date: 1973-08-27 Rivtow Marine Ltd. (Plaintiff) Appellant; and...

Answered: 1 week ago

Question

★★★★★

Stan purchased a $15,000 compound Canada Savings Bond on November 1, Year 1. Suppose that in the first bond year, the CSB earns 3% and, in the second bond year, it earns 4.5%. What amount of interest...

Answered: 1 week ago

Question

★★★★★

On Halloween night, a small boy decided to dress up as a bank robber. He went to house where the lights were on, indicating that the owner was receiving trick-or- treaters. When the homeowner, a...

Answered: 1 week ago

Question

★★★★★

2. With the following data from the automotive industry in Mexico. a) Calculate and analyze the behavior of the CR4 and the HHI in 1980, 1994 and 2004. Sales volume (units) Number of companies 7 6 21...

Answered: 1 week ago

Question

★★★★★

Accrual Basis Accounting SLO Health Care Inc. is owned and operated by Morgan Denby, the sole stockholder. During January 20Y6, SLO Health Care entered into the following transactions: Jan. 1...

Answered: 1 week ago

Question

★★★★★

Power Drive Corporation designs and produces a line of golf equipment and golf apparet Power Drive has 100,000 shares of common stock cutstanding as of the beginning of 2024 . Power Drive has the...

Answered: 1 week ago

Question

★★★★★

If the jobs displayed in Table 18.24 are processed using the earliestdue-date rule, what would be the lateness of job C? TABLE 18.24 Processing Times and Due Dates for Five Jobs Job C D E...

Answered: 1 week ago

Question

★★★★★

If the Fed started printing large quantities of U.S. dollars, what would happen to the number of Japanese yen a dollar could buy? Why?

Answered: 1 week ago

Question

★★★★★

Explain the view of those economists who are skeptical of the efficient markets hypothesis.

Answered: 1 week ago

Question

★★★★★

The interest rate is 7 percent. Use the concept of present value to compare $200 to be received in 10 years and $300 to be received in 20 years.

Answered: 1 week ago

Question

★★★★★

A random sample of n observations is selected from a population with standard deviation s =1. Calculate the standard error of the mean (SE) for the values of n 13. n=100

Answered: 1 week ago

Question

★★★★★

A random sample of n observations is selected from a population with standard deviation s =1. Calculate the standard error of the mean (SE) for the values of n 10. n=9

Answered: 1 week ago

Question

★★★★★

A random sample of n observations is selected from a population with standard deviation s =1. Calculate the standard error of the mean (SE) for the values of n 11 n=16

Answered: 1 week ago

Previous Question Next Question