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B. a monetary payment from the government<br />
C. a reduction in the original price of the good<br />
D. the fact that you paid $50 less than you were willing to pay for the<br />
good<br />
Part 1 of 2 - Lesson 4<br />
Questions<br />
47.5/ 50.0 Points<br />
Question 1 of 402.5/ 2.5 Points<br />
Reductions in pollution from a specific starting level of existing pollution is called __________ .<br />
A. abatement<br />
B. the EPA<br />
C. command and<br />
control<br />
D. usage tax<br />
Question 2 of 402.5/ 2.5 Points<br />
When the government taxes a firm that generates an external cost, the profit maximizing firm<br />
will produce __________ .<br />
A. more units of output than before the tax was imposed<br />
B. the same number of units of output as before the tax was imposed<br />
C. fewer units of output than before the tax was imposed<br />
D. either more or fewer units of output than before the tax was<br />
imposed<br />
Question 3 of 402.5/ 2.5 Points<br />
The idea behind the pollution tax equal to the external cost per unit of pollution is to<br />
__________ .
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