Which of the following policies is most likely to be used to correct negative externalities in consumption, such as excessive consumption of alcohol?

To correct negative externalities in consumption, like excessive alcohol use, governments often implement policies such as taxes or regulations. When a product creates harm to society, like health issues or accidents from drinking too much alcohol, a tax can make it more expensive and discourage people from buying it. For example, if the government increases the tax on alcohol, people might think twice before purchasing as much as they did before, leading to less consumption. This approach not only helps reduce the negative effects on society but also generates revenue that can be used for public health programs. Overall, by making harmful products more costly, the government can help protect the well-being of the community.