Economics

Public Broadcasting reads the names of local contributors on the air. This is likely to ________ the ...

Public Broadcasting reads the names of local contributors on the air. This is likely to ________ the ...

Public Broadcasting reads the names of local contributors on the air. This is likely to ________ the free-rider problem and lead to a ________ level of contribution to the public good.
A) reduce; smaller
B) increase; larger
C) reduce;

nguyenduong67   29   1 Reply

trumpetsoflife

When private goods have external benefits

When private goods have external benefits

When private goods have external benefits
A) marginal privates cost is greater than marginal social cost.
B) marginal private benefit is greater than marginal social benefit.
C) marginal social cost is greater than marginal private cos

sinerus   50   1 Reply

tristion

The forces of supply and demand will provide a quantity that is

The forces of supply and demand will provide a quantity that is

The forces of supply and demand will provide a quantity that is
A) exactly the efficient quantity if a good generates external benefits.
B) less than the efficient quantity if a good generates external benefits.
C) more than the effic

sinerus   56   1 Reply

Quinn1981

If a private good generates external benefits

If a private good generates external benefits

If a private good generates external benefits
A) the social benefit will equal the private benefit minus the external benefit.
B) the social benefit will equal the private benefit.
C) the social benefit will be greater than the priva

thanhha78   65   1 Reply

Lightman030

A market in which there are neither external benefits nor external costs is inefficient.

A market in which there are neither external benefits nor external costs is inefficient.

A market in which there are neither external benefits nor external costs is inefficient.
A) True
B) False

nguyenduong67   65   1 Reply

tristion

Externalities always consist of benefits that are not confined to the person or organization that ...

Externalities always consist of benefits that are not confined to the person or organization that ...

Externalities always consist of benefits that are not confined to the person or organization that decides how much of a good to produce or consume.
A) True
B) False

nguyenduong67   32   1 Reply

trumpetsoflife

A good is nonrival in consumption if it is not practical to exclude people who don't pay for it ...

A good is nonrival in consumption if it is not practical to exclude people who don't pay for it ...

A good is nonrival in consumption if it is not practical to exclude people who don't pay for it from enjoying its benefits.
A) True
B) False

sinerus   35   1 Reply

Lightman030

A good is nonexcludable in consumption if it is not practical to exclude people who don't pay for ...

A good is nonexcludable in consumption if it is not practical to exclude people who don't pay for ...

A good is nonexcludable in consumption if it is not practical to exclude people who don't pay for it from enjoying its benefits.
A) True
B) False

sinerus   42   1 Reply

Quinn1981

If you can consume a good without having to pay for it, the good must be a public good.

If you can consume a good without having to pay for it, the good must be a public good.

If you can consume a good without having to pay for it, the good must be a public good.
A) True
B) False

nguyenduong67   69   1 Reply

Lightman030

Protecting endangered species is NOT an example of a public good because there are no external ...

Protecting endangered species is NOT an example of a public good because there are no external ...

Protecting endangered species is NOT an example of a public good because there are no external benefits associated with it.
A) True
B) False

sinerus   45   1 Reply

Lightman030

Public goods are always provided by the government because private markets do not have an incentive ...

Public goods are always provided by the government because private markets do not have an incentive ...

Public goods are always provided by the government because private markets do not have an incentive to provide them.
A) True
B) False

nguyenduong67   60   1 Reply

trumpetsoflife

If you can consume a good without having to pay for it, the good must be nonrival in consumption.

If you can consume a good without having to pay for it, the good must be nonrival in consumption.

If you can consume a good without having to pay for it, the good must be nonrival in consumption.
A) True
B) False

sinerus   45   1 Reply

trumpetsoflife

Fireworks on the night on July 4th are neither rival nor excludable.

Fireworks on the night on July 4th are neither rival nor excludable.

Fireworks on the night on July 4th are neither rival nor excludable.
A) True
B) False

nguyenduong67   50   1 Reply

Quinn1981

The free-rider problem is larger for private goods than it is for public goods.

The free-rider problem is larger for private goods than it is for public goods.

The free-rider problem is larger for private goods than it is for public goods.
A) True
B) False

sinerus   92   1 Reply

tristion

Alissa is studying for her principles of economics exam. She tells her study partner that ...

Alissa is studying for her principles of economics exam. She tells her study partner that ...

Alissa is studying for her principles of economics exam. She tells her study partner that "Only a very small number of people ever get to become astronauts and go into space. Therefore space exploration is not a public good." Do you agree?

nguyenduong67   79   1 Reply

Quinn1981

Suppose that your local government provides drinking water and charges a 10 cent per gallon. Explain ...

Suppose that your local government provides drinking water and charges a 10 cent per gallon. Explain ...

Suppose that your local government provides drinking water and charges a 10 cent per gallon. Explain whether or not the drinking water is a public good.

sinerus   52   1 Reply

Quinn1981

Explain intuitively why the market for a nonexcludable good fails to provide efficient quantity.

Explain intuitively why the market for a nonexcludable good fails to provide efficient quantity.

Explain intuitively why the market for a nonexcludable good fails to provide efficient quantity.

thanhha78   63   1 Reply

trumpetsoflife

What are some of the ways a private group can overcome a free rider problem?

What are some of the ways a private group can overcome a free rider problem?

What are some of the ways a private group can overcome a free rider problem?

nguyenduong67   60   1 Reply

Lightman030

An external cost is the cost experienced by people who

An external cost is the cost experienced by people who

An external cost is the cost experienced by people who
A) do not decide how much of a good to produce or consume.
B) did not know why they are experiencing the cost.
C) consume a good.
D) decide how much of a good to produce or co

nguyenduong67   53   1 Reply

Quinn1981

The reason that air and water pollution impose external costs is that:

The reason that air and water pollution impose external costs is that:

The reason that air and water pollution impose external costs is that
A) providers of goods and services ignore costs that they do not have to pay.
B) environmentalists object to the degradation of the earth.
C) they affect the qual

sinerus   51   1 Reply

Quinn1981

A solution to market failure in the particular application of environmental policy

A solution to market failure in the particular application of environmental policy

A solution to market failure in the particular application of environmental policy
A) can be the establishment of a new market where one had not existed before.
B) is impossible because firms and consumers follow their self-interest.

nguyenduong67   39   1 Reply

trumpetsoflife

The optimal level of pollution abatement is where

The optimal level of pollution abatement is where

The optimal level of pollution abatement is where
A) the marginal benefit of abatement is equal to its marginal cost.
B) the marginal benefit of abatement is greater than its marginal cost.
C) the marginal benefit of abatement is less

sinerus   86   1 Reply

Lightman030

The marginal principle ________ to the determination of the optimal level of pollution abatement ...

The marginal principle ________ to the determination of the optimal level of pollution abatement ...

The marginal principle ________ to the determination of the optimal level of pollution abatement because ________.
A) applies; pollution abatement causes greater harm than benefits
B) does not apply; it is immoral to trade a dirtier environ

nguyenduong67   61   1 Reply

Lightman030

In which of the following situations should a firm reduce its efforts to abate pollution?

In which of the following situations should a firm reduce its efforts to abate pollution?

In which of the following situations should a firm reduce its efforts to abate pollution?
A) The marginal benefit of abatement is equal to its marginal cost.
B) The marginal benefit of abatement is less than its marginal cost.
C) The m

sinerus   61   1 Reply

tristion

In which of the following situations should a firm increase its efforts to abate pollution?

In which of the following situations should a firm increase its efforts to abate pollution?

In which of the following situations should a firm increase its efforts to abate pollution?
A) The marginal benefit of abatement is equal to its marginal cost.
B) The marginal benefit of abatement is less than its marginal cost.
C) The

sinerus   55   1 Reply

Quinn1981

If the marginal benefit of reducing water pollution is constant at $10 per ton, then it is efficient ...

If the marginal benefit of reducing water pollution is constant at $10 per ton, then it is efficient ...

If the marginal benefit of reducing water pollution is constant at $10 per ton, then it is efficient to reduce water pollution
A) to zero.
B) as long as the marginal cost of reducing water pollution is greater than $10 per ton.
C) unt

sinerus   80   1 Reply

trumpetsoflife

If the marginal benefit from water pollution abatement increases, then it is efficient to

If the marginal benefit from water pollution abatement increases, then it is efficient to

If the marginal benefit from water pollution abatement increases, then it is efficient to
A) allow more water pollution.
B) reduce water pollution to zero.
C) let the market determine water pollution
D) reduce water pollution furt

sinerus   77   1 Reply

Lightman030

The Coase bargaining solution applies to a situation when there is a ________ number of affected ...

The Coase bargaining solution applies to a situation when there is a ________ number of affected ...

The Coase bargaining solution applies to a situation when there is a ________ number of affected parties, and the transactions costs of bargaining are relatively ________.
A) large; high
B) small; low
C) small; high
D) large; low

thanhha78   57   1 Reply

trumpetsoflife

It is efficient to reduce pollution to zero.

It is efficient to reduce pollution to zero.

It is efficient to reduce pollution to zero.
A) True
B) False

thanhha78   44   1 Reply

Lightman030

It is efficient to reduce pollution up until the marginal benefit from reducing the pollution equals ...

It is efficient to reduce pollution up until the marginal benefit from reducing the pollution equals ...

It is efficient to reduce pollution up until the marginal benefit from reducing the pollution equals the marginal cost of abatement.
A) True
B) False

thanhha78   75   1 Reply

Quinn1981

Pollution imposes costs on people and firms other than those involved in producing or consuming the ...

Pollution imposes costs on people and firms other than those involved in producing or consuming the ...

Pollution imposes costs on people and firms other than those involved in producing or consuming the product that produces pollution.
A) True
B) False

sinerus   52   1 Reply

tristion

If the marginal costs of water pollution abatement is increased, then the optimal amount of water ...

If the marginal costs of water pollution abatement is increased, then the optimal amount of water ...

If the marginal costs of water pollution abatement is increased, then the optimal amount of water pollution increases.
A) True
B) False

thanhha78   51   1 Reply

Quinn1981

What is the economic rule for the optimal amount of pollution?

What is the economic rule for the optimal amount of pollution?

What is the economic rule for the optimal amount of pollution?

nguyenduong67   36   1 Reply

Quinn1981

A pollution tax (Multiple Choice Question)

A pollution tax (Multiple Choice Question)

A pollution tax
A) is a method used to externalize internal costs.
B) will not affect the price of the good being produced.
C) does not affect the quantity of a good demanded.
D) is a method used to internalize external costs.

sinerus   39   1 Reply

trumpetsoflife

Producers will take external costs into account when

Producers will take external costs into account when

Producers will take external costs into account when
A) environmental groups apply sufficient pressure and generate negative press coverage.
B) they actually have to pay those costs.
C) those costs are less than the private costs.

nguyenduong67   33   1 Reply

tristion

The social cost of production is:

The social cost of production is:

The social cost of production is
A) the private cost of production that is greater than the benefit of production.
B) the external cost of production that is greater than the benefit of production.
C) the external cost generated by pr

nguyenduong67   62   1 Reply

Quinn1981

A pollution tax (Multiple Choice Question)

A pollution tax (Multiple Choice Question)

A pollution tax
A) increases the price of the good taxed.
B) does not affect the quantity demanded of the good taxed.
C) does not affect the price of the good taxed.
D) decreases the price of the good taxed.

nguyenduong67   27   1 Reply

trumpetsoflife

If a pollution tax imposed on a firm is smaller than external cost,

If a pollution tax imposed on a firm is smaller than external cost,

If a pollution tax imposed on a firm is smaller than external cost,
A) the pollution tax transfers the full cost borne by people outside the firm back to the firm itself.
B) the firm is producing too much from a society's point of view

sinerus   53   1 Reply

Quinn1981

If a pollution tax imposed on a firm is greater than its external cost,

If a pollution tax imposed on a firm is greater than its external cost,

If a pollution tax imposed on a firm is greater than its external cost,
A) the pollution tax will be efficient.
B) the social production cost will increase by the amount of the pollution tax.
C) the externality will be fully internaliz

nguyenduong67   64   1 Reply

Lightman030

In order to achieve an efficient result a pollution tax must

In order to achieve an efficient result a pollution tax must

In order to achieve an efficient result a pollution tax must
A) be equal to the social cost of production.
B) not be passed through to the consumers of the produced good.
C) be equal to the external cost generated.
D) be shared

sinerus   82   1 Reply

Quinn1981