22.) Which of the following is a market-based policy intervention to correct the negative externality associated with nitrous oxide (NO) emissions from cars? a.) A law that requires all car...

Extracted text: 22.) Which of the following is a market-based policy intervention to correct the negative externality associated with nitrous oxide (NO) emissions from cars? a.) A law that requires all car manufacturers to install catalytic converters on new vehicles b.) A law that forbids driving on days with low air quality c.) A $3 per gallon tax on gasoline and diesel fuel d.) None of the above 23.)Consider a market subject to a negative externality cause by pollution. Suppose that, initially, the government is dealing with this negative externality using a Pigouvian tax. The government is considering switching its handling of the negative externality to a scheme where it auctions off pollution licenses to producers instead. If the government makes this policy change, then producer surplus will and government surplus will a.) Increase, increase b.) Decrease, decrease c.) Decrease, increase d.) None of the above 24.)Which of the following is a private good? a.) A hard copy of Principles of Microeconomics by N. Gregory Mankiw b.) A PDF copy of Principles of Microeconomics by N. Gregory Mankiw saved in a public Dropbox folder. c.) The fresh water supply in the Great Lakes. d.) A natural gas pipeline. 25.) Suppose that Larry, Moe, and Curly's individual demand curves for statues built in their town park are given by PP = 100 – QP, PR = 200 – 2Qº, and P? = 300 – 3Qº respectively. What is the slope of the MBS curve for statues? a.) -4 b.) -5 с.) -6 d.) -7