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Georgia [21]
3 years ago
14

Altering incentives so that people take account of the external effects of their actionsa. is called internalizing the externali

ty.b. can be done by imposing a corrective tax.c. is the role of government in markets with externalities.d. All of the above are correct.
Social Studies
1 answer:
disa [49]3 years ago
8 0

Answer:

Altering incentives so that people take account of the external effects of their action is d. All of the above are correct.

Explanation:

Internalizing the externality means shifting the burden, or costs, from a negative externality, such as pollution or traffic congestion, from outside to inside (external to internal). This can be done through taxes, property rights, tolls, and government subsidies.

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When Rome declined, the western half of the empire formed the Byzantine Empire. The eastern half became the Holy Roman Empire. Because the Byzantine Empire came from the fall of the Roman Empire, the Byzantine Empire had many similarities with Rome. In addition to these similarities, there were also several differences between these two empires. This includes culture, religion, and location. These similarities and differences helped shape the Byzantine Empire into what it became.
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