Laws that restrict the smoking of cigarettes in public places are examples of government intervention that is intended to reduce
A)efficiency.
B)equality.
C)externalities.
D)productivity.

Question

Quizplus · Accepted Answer

Laws that restrict smoking in public places are intended to reduce negative externalities such as second-hand smoke, which can harm the health of non-smokers and increase healthcare costs. This intervention aims to address the market failure where the cost of smoking is not fully borne by the smoker but also by others, thus requiring government intervention to correct this externality.

Laws That Restrict the Smoking of Cigarettes in Public Places