[Solved] If the Government Imposes a Tax on Buyers as a Way

What are externalities? A)The extra cost involved in the packaging and marketing of a product. B)The additional costs of a product which cannot be recouped from the government. C)The extra cost to the consumers of a product in terms of maintenance and insurance. D)The benefits or costs of a product experienced by people who neither consume nor produce that product.

All of the following,except one,are examples of quasi-public goods in Canada.Which is the exception? A)Military defence. B)Postal services. C)Individual health care. D)Education.

All of the following,except one,are valid reasons why many governments provide quasi-public goods? A)Because collecting fees from users might be too costly. B)Because market competition is sometimes inefficient in the provision of certain services. C)Because quasi-public goods produce extensive externalities. D)Because private firms would not be able to provide those services.

Which of the following statements is true regarding marginal social costs? A)They include external but not internal costs of production. B)They include internal but not external costs of production. C)They include both external and internal costs of production. D)They measure the difference between social benefits and social costs.

All of the following,except one,are methods by which society can integrate external costs into the market process.Which is the exception? A)By subsidizing buyers. B)Cap and trade C)Through legislative controls. D)By taxing producers.

-Refer to the graph above to answer this question.What is the equilibrium market price? A)0a. B)0b. C)0c. D)0d

-Refer to the graph above to answer this question.If a per unit tax equal to the external costs was imposed on the sellers of this product,what would be the amount of the tax? A)ab. B)bc. C)bd. D)cd.

-Refer to the graph above to answer this question.If a per unit tax equal to the external costs was imposed on the sellers of this product,what would be the equilibrium price? A)0a. B)0b. C)0c. D)0d.

-What are the two main methods used to integrate external benefits into the provision of goods and services? A)By providing quasi-public goods or taxing producers. B)By taxing producers and consumers. C)By providing quasi-public goods or subsidizing producers. D)By providing normal goods or taxing producers.

-Refer to the above graph to answer this question.In an unregulated market,what would be the equilibrium price and quantity? A)$30 and 500. B)$40 and 800. C)$50 and 700. D)$50 and 900. E)$60 and 800.