简答题Which of the following statements is correct? A、Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and decrease the price of the good produced. B、Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and increase the price of the good produced. C、Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and decrease the price of the good produced. D、Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and increase the price of the good produced.简答题Externalities tend to cause markets to be ( ). A、inefficient B、unequal C、unnecessary D、overwhelmed简答题The Coase theorem suggests that private markets may not be able to solve the problem of externalities ( ). A、if the government does not become involved in the process B、when the number of interested parties is large and bargaining costs are high C、if the firm in the market is a monopoly D、if some people benefit from the externality简答题Externalities can be corrected by each of the following except ( ). A、self-interest B、moral codes and social sanctions C、charity D、normal market adjustments简答题Most economists prefer corrective taxes to regulation as a way to correct the problem of pollution because （ ）. A、the market-based solution is less costly to society B、the market-based solution can result in a greater reduction in pollution C、the market-based solution raises revenue for the government D、All of the above are correct简答题A cost imposed on someone who is neither the consumer nor the producer is called a A、corrective tax. B、command and control policy. C、positive externality. D、negative externality.简答题Suppose that large-scale pork production has the potential to create ground water pollution. Why might this type of pollution be considered an externality? A、The groundwater pollution reduces the cost of large-scale pork production. B、The economic impact of a large-scale pork production facility is localized in a small geographic area. C、The pollution has the potential for creating a health risk for water users in the region surrounding the pork production facility. D、Consumers will not reap the benefits of lower production cost from large-scale pork production.简答题Suppose a certain good provides an external benefit. If the private cost of the last unit of the good that was produced is equal to the social value of that unit, then the sum of producer and consumer surplus is maximized.简答题Refer to Figure 10-11. A benevolent social planner would prefer ( ). A、24 per unit to a subsidy of $27 per unit. D、All of the above are correct简答题Which of the following is an example of a positive externality? A、air pollution B、a person littering in a public park C、a nice garden in front of your neighbor's house D、the pollution of a stream简答题Which of the following is an example of an externality? A、cigarette smoke that permeates an entire restaurant B、a flu shot that prevents a student from transmitting the virus to her roommate C、a beautiful flower garden outside of the local post office D、All of the above are correct