Which of the following statements is not correct?Select one:a.A gasoline tax is an imperfect solution tothe problem of traffic congestion on publicroads.O b. The Tragedy of the Commons illustratesthe underuse of a common resource.The creation of knowledge is a public good.d. A free rider is a person who benefits fromsomething for which he or she does nothave to pay.C. If a paper manufacturer does not bear the entirecost of the dioxin it emits, it willSelect one:emit a lower level of dioxin than is sociallyefficient.b. emit an acceptable level of dioxin.emit a higher level of dioxin than is sociallyefficient.a.C.O d. not emit any dioxin in an attempt to avoidpaying the entire cost.

The externalities could be positive or negative. Negative externalities are caused the external cost…

Answered: Which of the following statements is…

Which of the following statements is not correct? Select one: O a. A gasoline tax is an imperfect solution to the problem of traffic congestion on public roads.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following statements is not correct?
Select one:
a.
A gasoline tax is an imperfect solution to
the problem of traffic congestion on public
roads.
O b. The Tragedy of the Commons illustrates
the underuse of a common resource.
The creation of knowledge is a public good.
d. A free rider is a person who benefits from
something for which he or she does not
have to pay.
C.

If a paper manufacturer does not bear the entire
cost of the dioxin it emits, it will
Select one:
emit a lower level of dioxin than is socially
efficient.
b. emit an acceptable level of dioxin.
emit a higher level of dioxin than is socially
efficient.
a.
C.
O d. not emit any dioxin in an attempt to avoid
paying the entire cost.

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