38. Negative externalities are also calleda. positive externalities.b. external benefits.c. external costs.d. all of the above.e.. none of the above.39 Which of the following is a way governments have tried to deal with negative externalities?a. Governments can impose pollution taxes or green taxes.b. Governments can require specific pollution reduction technologies be used.c. Governments can use a cap and trade system with marketable emissions rights.d. all of the above.e. none of the above.

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38. Negative externalities are also called a. positive externalities. b. external benefits. c. external costs. d. all of the above. e.. none of the above.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

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Concept explainers

Market Failure Analysis

To understand Market failure, we need to first understand welfare economics. An Italian economist, Vilfredo Pareto stated that allocation of resources in an efficient manner such that an economic change, which harms no one and makes someone better off, indicates an increase in social welfare. It is also called Pareto Optimality, where resources cannot further be reallocated without harming one. This does not apply to those economic changes, which harm some and benefit others. social welfare increases if the utility of any of its members' increases and none decrease in the economy.

Question

38. Negative externalities are also called
a. positive externalities.
b. external benefits.
c. external costs.
d. all of the above.
e.. none of the above.
39 Which of the following is a way governments have tried to deal with negative externalities?
a. Governments can impose pollution taxes or green taxes.
b. Governments can require specific pollution reduction technologies be used.
c. Governments can use a cap and trade system with marketable emissions rights.
d. all of the above.
e. none of the above.

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