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Author Question: If the production of a product results in significant external costs, an appropriate government ... (Read 199 times)

cabate

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  • Posts: 537
on: Jun 29, 2018
If the production of a product results in significant external costs, an appropriate government policy might be to
 
  A) subsidize the production of the good.
  B) tax producers and thus shift the supply curve to the left.
  C) tax consumers' incomes and thus shift the demand curve to the left.
  D) subsidize consumers since the good is being under-consumed.

Question 2

The Social Security tax is considered to be a
 
  A) regressive tax.
  B) progressive tax.
  C) proportional tax.
  D) marginal tax.


Chelseyj.hasty

  • Sr. Member
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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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