Guns have large external costs for society. Which of the following policies will help minimize those external costs? 0000 A tax on gun ammunition. A subsidy on gun purchases. Allowing victims of gun violence to sue gun manufacturers in civil court. A quota on how many guns an individual can own.
Guns have large external costs for society. Which of the following policies will help minimize those external costs? 0000 A tax on gun ammunition. A subsidy on gun purchases. Allowing victims of gun violence to sue gun manufacturers in civil court. A quota on how many guns an individual can own.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Step 1: Define Externality
An externality can be positive or negative. An externality will be negative when the production or consumption of an item causes a cost to a third party.
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