Imported From IE sf learningadmin sf successFactors Lear Cho

Imported From IE sf learningadmin sf successFactors Lear ChoicePlus Benefits: of Microeconomics Summer 2018 Home Grades Personalized Reviews Discussion Course Materi Principles of Economics: Algorithmic End of Chapter d Assignment | Read Chapter 1| Back to Assignment tempts: Keep the Highest: /2 Problems and Applications Q7 Which of the following government activities is motivated by a concern about efficiency? Check all that apply. Instituting laws against driving while intoxicated Breaking up Standard Oil (which once owned 90% of all oil refineries) into several smaller companies Regulating cable TV prices Imposing higher personal income tax rates on people with higher incomes Prohibiting smoking in public places Providing some poor people with vouchers that can be used to buy food Smoking in public places creates because secondhand smoke harms nonsmokers OM io 5 6 8 9

Solution

Option B) and Option D) are correct options to choose

As for oil production from many small firms will break the cartel which brings in price inefficiency tha would be minimised.

Using progressive tax that is higher taxes for higher income would also used to bring in efficiency by government.