Costal land is the answer
Answer: Government should tax goods with positive externalities and subsidize goods with negative externalities
Explanation: Negative externalities occurs when a third party suffers an extra cost in the purchase of goods and services. When Government subsidize goods with negative externalities, they become more affordable for the third party. Viz a Viz for the positive externalities.
Taxing the positive externalities will create a balance and regulate price of goods and services
The correct answer is iron.
<span>Iron or iron ores are considered to be of critical use to almost everything in industrialized economies in fields such as energy, infrastructure, transportation uses and the creation of equipments or tools. Iron is made into steel, which is used as foundation for houses and large buildings. Which is why it is considered to play a vital role in industrialized economies.</span>
Answer: An effective price ceiling is a price imposed by the government below the equilibrium price.
Explanation:
Price ceiling is a price control that is imposed by the government to curtail how high producers or suppliers charge price for a commodity or service. Price ceiling is used by the government to protect consumers from purchasing very high commodities. The very high prices of the good can be as a result of inflation, monopoly or investment bubble
For price ceiling to be effective, the price set must be below the equilibrium price (price set by the forces of demand and supply).
