In two or three sentences, define an externality and explain how the government makes companies take responsibility for negative externalities.

Answers

Answer 1

Answer: Externality is an effect of an industrial or commercial doings that affects other parties without this being reflected in the cost of the goods or services involved, such as the pollination of surrounding crops by bees kept for honey. The government can respond to externalities through command-and-control policies or market-based policies.

Answer 2

Answer:

Answer:

An externality is an unplanned effect of industrial or commercial doings that affects others without being reflected in the cost of the goods or services involved. An example of this would be the air and water pollination by the company that produces cleaning products; it is an externality of the production prosses of making the cleaning solutions.

The government can respond to externalities through command-and-control policies or market-based policies, which often means that the company responsible for the pollution has to pay fines or reverse the pollution they have caused.

Explanation:

Related Questions

10. Which of the following is NOT an example of a trade-off among social and economic goals?a) An increase in the minimum wage raises unemployment. b) A trade barrier protects jobs in the United States. c) A military dictator seizes control of a nation's government. d) An increase in property taxes funds a new high school.
Which of the following careers is NOT included in the Education and Training cluster?a. professional support services b. early childhood development and services c. administrative support d. administration
Great Britain required more taxation from the colonies because of which event?A. French and Indian War B. Boston Tea Party C. Boston Massacre D. Townshend's financial mismanagement
"Dead zones" in US coastal waters have grown 30-fold since 1960, according to a recent government report. This report refers to which of the following environmental pollution issues?
_____ is the customer's perception that a product has a strong, positive relationship between its cost and benefits.a. marketing b. utility c. value d. customer satisfaction

The election of 1856 signaled the end of the ___________ party and the _____________ party.a. Whig; American
b. Populist; Whig
c. Progressivist; Libertarian
d. Federalist; Know Nothing

Answers

The answer to your question is letter A. The election of 1856 signaled the end of the Whig Party and the American Party. The Whig Party broke apart because of issues with slavery and plus the competition of the new parties such as the Republican Party. Slavery was also an issue with the American Party.

Which of the peoples below did not develop a distinctive culture oriented toward the water?

Answers

The peoples that did not develop distinctive culture oriented toward the water tend to live far away from the coastline,

For example : The Mogollon

The mogollon live in the Valley in Arizona, which very unlikely for their culture to be water oriented

What is the main difference between implied powers and expressed powers?a. implied powers are written in the Constitution and express powers are agreed upon
b. implied powers are generally agreed upon and express powers are written in the Constitution
c. express powers are decided by popular vote and implied powers are decided by the electoral college
d. express powers are decided by military tribunal and implied powers are decided by the courts

Answers

The expressed powers are powers which are explicitly mentioned (typically in the constitution) and the implied powers are generally the powers that are needed to fulfill the obligations or to use the expressed powers, but which are not explicitly mentioned anywhere. Therefore the correct answer is:
b. implied powers are generally agreed upon and express powers are written in the Constitution

Who was the first president to make thanksgiving a national holiday?

Answers

Abraham Lincoln was the first

If an empty building costs nearly a million dollars to purchase, which organization would likely be the most able to purchase it?a. small business
b. corporation
c. not-for-profit organization

Answers

The answer would be : B. Corporation
Based on the following options, Corporation is the most likely to have enough resources to buy that building. Corporations could raise more money compared to small / non profit business since they have access to their shareholders that could inject more equity for them

Answer:

Corporation

Explanation:

It is always possible to identify all the causes of a problem completely. T or F

Answers

No, this statement is false

I can think of two specific situations in which all the causes are not possible to identify:

1) some information is lost (e.g. your program doesn't compile but you lost your documentation )
2) the problem is too complex and it would take a long time (days, weeks) to identify all the causes.

Answer:

true

Explanation:

Other Questions

The Triple Alliance included Germany, Italy, and _____. France Austria-Hungary Spain

A partir da leitura do texto acima e do material disponibilizado, entendemos construtivismo como...

A researcher wants to know if giving students chocolate before an exam will improve their scores. Two groups of students take the exam, but only one group gets chocolate first. What is the independent variable in this experiment?

How many judges are in the supreme court?