Tackle the Test: Multiple-Choice Questions

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  1. Question

    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
    The socially optimal level of pollution is
  2. Question

    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
    Which of the following is a source of negative externalities?
  3. Question

    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
    Inefficiencies created by externalities can be dealt with through
  4. Question

    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
    The Coase theorem asserts that, under the right circumstances, inefficiencies created by externalities can be dealt with through
  5. Question

    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
    Which of the following makes it more likely that private solutions to externality problems will succeed?