ECO 405 Week 4 Quiz 3
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ECO 405 Week 4 Quiz 3 Strayer
For a tax on pollution to be effective, it must be
Answer
Question 2
4 out of 4 points
Another term for implicit cost is
Answer
Question 3
0 out of 4 points
Which of the following is a factor leading to pollution?
Answer
Question 4
0 out of 4 points
Requiring automobiles to pass emissions tests before being allowed on the road is an example of a(n)
Answer
Question 5
4 out of 4 points
The level of pollution increases when
Answer
Question 6
0 out of 4 points
The efficient level of pollution is zero only if the
Answer
Question 7
4 out of 4 points
Marginal private cost (MPC) always includes:
Answer
Question 8
4 out of 4 points
Costs incurred by the producer to buy or hire resources are called
Answer
Question 9
4 out of 4 points
Complete elimination of pollution is economically rational when
Answer
Question 10
0 out of 4 points
If a pollution tax is placed on a firm emitting pollution, the firm will treat pollution, rather than pay the tax, as long as the tax is
Answer
Question 11
4 out of 4 points
Human production processes do not include which of the following services?
Answer
Question 12
4 out of 4 points
Which of the following creates a positive externality in production?
Answer
Question 13
4 out of 4 points
Pollution rights markets
Answer
Question 14
4 out of 4 points
When the marginal private benefit of an activity does not equal the marginal social benefit, which of the following exists?
Answer
Question 15
4 out of 4 points
When the marginal private cost of an activity does not equal the marginal social cost, which of the following exists?
Answer
Question 16
4 out of 4 points
If you are willing to take a pay cut to live near a ski resort, the ski resort provides you with
Answer
Question 17
4 out of 4 points
If a law is passed making it illegal for unlicensed barbers to cut hair, which of the following will result?
Answer
Question 18
4 out of 4 points
When an individual receives benefits from a business endeavor in the form of personal satisfaction, the benefits are known as
Answer
Question 19
4 out of 4 points
The marginal cost of a good is
Answer
Question 20
4 out of 4 points
Government can effectively remedy the free-rider problem by
Answer
Question 21
4 out of 4 points
Police officers should be hired up to the point where
Answer
Question 22
4 out of 4 points
An additional expenditure on crime prevention should be allocated to the activity where
Answer
Question 23
4 out of 4 points
Which of the following exists when an individual consumes benefits from a public good but does not pay for its cost?
Answer
Question 24
4 out of 4 points
Which of the following decreases a person's implicit cost of engaging in the illegal production of marijuana?
Answer
Question 25
4 out of 4 points
Economics explains the decision to participate in criminal activities most often in the case of
Answer
Question 26
4 out of 4 points
Economic analysis of crime can
Answer
Question 27
4 out of 4 points
From an economic point of view, crime prevention activities should be expanded to the point at which
Answer
Question 28
4 out of 4 points
A group project has been assigned and most of the work ends up being produced by only one or two of the group's members. This is an example of
Answer
Question 29
4 out of 4 points
Arson is an example of a(n)
Answer
Question 30
4 out of 4 points
Prostitution is an example of a(n)
Answer
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ECO 405 Week 4 Quiz 3
Click Below Link To Purchase
www.foxtutor.com/product/eco-405-week-4-quiz-3
ECO 405 Week 4 Quiz 3 Strayer
For a tax on pollution to be effective, it must be
Answer
Question 2
4 out of 4 points
Another term for implicit cost is
Answer
Question 3
0 out of 4 points
Which of the following is a factor leading to pollution?
Answer
Question 4
0 out of 4 points
Requiring automobiles to pass emissions tests before being allowed on the road is an example of a(n)
Answer
Question 5
4 out of 4 points
The level of pollution increases when
Answer
Question 6
0 out of 4 points
The efficient level of pollution is zero only if the
Answer
Question 7
4 out of 4 points
Marginal private cost (MPC) always includes:
Answer
Question 8
4 out of 4 points
Costs incurred by the producer to buy or hire resources are called
Answer
Question 9
4 out of 4 points
Complete elimination of pollution is economically rational when
Answer
Question 10
0 out of 4 points
If a pollution tax is placed on a firm emitting pollution, the firm will treat pollution, rather than pay the tax, as long as the tax is
Answer
Question 11
4 out of 4 points
Human production processes do not include which of the following services?
Answer
Question 12
4 out of 4 points
Which of the following creates a positive externality in production?
Answer
Question 13
4 out of 4 points
Pollution rights markets
Answer
Question 14
4 out of 4 points
When the marginal private benefit of an activity does not equal the marginal social benefit, which of the following exists?
Answer
Question 15
4 out of 4 points
When the marginal private cost of an activity does not equal the marginal social cost, which of the following exists?
Answer
Question 16
4 out of 4 points
If you are willing to take a pay cut to live near a ski resort, the ski resort provides you with
Answer
Question 17
4 out of 4 points
If a law is passed making it illegal for unlicensed barbers to cut hair, which of the following will result?
Answer
Question 18
4 out of 4 points
When an individual receives benefits from a business endeavor in the form of personal satisfaction, the benefits are known as
Answer
Question 19
4 out of 4 points
The marginal cost of a good is
Answer
Question 20
4 out of 4 points
Government can effectively remedy the free-rider problem by
Answer
Question 21
4 out of 4 points
Police officers should be hired up to the point where
Answer
Question 22
4 out of 4 points
An additional expenditure on crime prevention should be allocated to the activity where
Answer
Question 23
4 out of 4 points
Which of the following exists when an individual consumes benefits from a public good but does not pay for its cost?
Answer
Question 24
4 out of 4 points
Which of the following decreases a person's implicit cost of engaging in the illegal production of marijuana?
Answer
Question 25
4 out of 4 points
Economics explains the decision to participate in criminal activities most often in the case of
Answer
Question 26
4 out of 4 points
Economic analysis of crime can
Answer
Question 27
4 out of 4 points
From an economic point of view, crime prevention activities should be expanded to the point at which
Answer
Question 28
4 out of 4 points
A group project has been assigned and most of the work ends up being produced by only one or two of the group's members. This is an example of
Answer
Question 29
4 out of 4 points
Arson is an example of a(n)
Answer
Question 30
4 out of 4 points
Prostitution is an example of a(n)
Answer