An external cost arises from the use of fossil fuels because of global warming. If fossil fuels are sold in a competitive market,  A. The marginal social cost of fossil fuels will exceed their marginal private cost. B. The marginal social cost of fossil fuels will be less than their marginal private cost C. The marginal social benefit of fossil fuels  will exceed their marginal social cost D. a and b E. b and c

How might the introduction of a carbon tax affect the behavior of manufacturing industries? A. It would have no effect on their behavior, as taxes are absorbed by consumers. B. It might encourage industries to adopt cleaner, more energy-efficient technologies to reduce tax liabilities. C. It would lead to a significant increase in manufacturing output to offset the tax costs. D. It would cause all manufacturing industries to relocate to countries without a carbon tax.

Which of the following market failures does a carbon tax most explicitly try to address? Select one: a. monopolies b. lack of consumer information C. externalities d. corrupt politicians

I need help with d and e

Who is responsible for our current Tragedy of the Commons?

Which statement about a product with external costs must be correct? A. The consumption of the product has positive effects on third parties B. The private costs of its production exceed the social costs of its production. C. The production of the product has negative effects on third parties. D. The social costs of its production exceed the social benefits of its production.

The residents of Orléans, Ontario enjoy seeing fireworks over Petrie Island on Canada Day. Each of the community's 1000 residents places a $5 value on the experience. a. What are the defining characteristics of a public good? b. If the cost of putting on a fireworks display is $1000. Would it be socially optimal to have a Canada Day fireworks display in Orléans? c. Would the private market result in a fireworks display? d. Could governments provide a solution to achieving the efficient level of production?

An example of a classic tragedy of the commons problem is    a. Hurricane Katrina.   b. the Enron accounting scandal.   c. the 9/11 terror attacks.   d. climate change.

Help plz graph plz 3 8

What is this graph and what are some issues with it? 20 18 16 - 14 12 - 10 8 - 6 - 4 2- 1960 Year O. Externality graph over time. Issues are that it is in percentage, so does not show how much 'pollution' there is, also does not include taxes which reduce high pollution or benefits which decrease pollution. O U.S. Poverty graph over time. Issues are that it is in percentage, so does not show how 'rich' the richest are, also does not include taxes which increase high income or benefits which decrease poor income. O HHI Index graph over time. Issues are that it is in percentage, so does not show how much monopoly is in dollars, also does not include taxes which reduce monopoly income or benefits which increase monopoly income. OMU.S. Poverty graph over time. Issues are that it is in percentage, so does not show how 'poor' the poorest are, also does not include taxes which reduce high income or benefits which increase poor income. Percentage of People Below the Poverty Line 1965 1970 1975…