Exam 16: Externalities

Use the following to answer questions: Figure: Efficiency and Pollution -(Figure: Efficiency and Pollution) Look at the figure Efficiency and Pollution. If this market produced _ tons of pollution, then _.

Free

(Multiple Choice)

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Question 1

Correct Answer:

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Use the following to answer questions: -(Table: Externalities from Parks) The table Externalities from Parks shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park. If 1 acre is dedicated to the park, this outcome is _ because _.

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(Multiple Choice)

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Question 2

Correct Answer:

Verified

Network externalities are often:

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(Multiple Choice)

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Question 3

Correct Answer:

Verified

Use the following to answer questions: Figure: City with Two Polluters -(Figure: City with Two Polluters) Look at the figure City with Two Polluters. If the government does not intervene in the pollution market, equilibrium will occur where firm A produces ___ tons and firm B produces _ tons of pollution, for a total of ___ tons.

(Multiple Choice)

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Question 4

An external benefit is a:

(Multiple Choice)

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Question 5

Which of the following is an environmental policy based on tradable pollution permits?

(Multiple Choice)

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Question 6

The efficient level of pollution is the quantity at which:

(Multiple Choice)

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Question 7

Use the following to answer questions: -(Table: Externalities from Parks) The table Externalities from Parks shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park. Without government intervention, the amount of land dedicated to the public park will be _____ acres.

(Multiple Choice)

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Question 8

The government has adopted an emissions tax if it:

(Multiple Choice)

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Question 9

Use the following to answer questions: Figure: The Socially Optimal Quantity of Pollution -(Figure: The Socially Optimal Quantity of Pollution) In the figure The Socially Optimal Quantity of Pollution, the optimal level of pollution is:

(Multiple Choice)

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Question 10

Use the following to answer question: Figure: The Optimal Quantity of Pollution -(Figure: The Optimal Quantity of Pollution) The figure The Optimal Quantity of Pollution shows the marginal social cost (MSC) and marginal social benefit (MSB) for firms that pollute the air with sulfur dioxide. Using the figure, the optimal Pigouvian tax per unit of pollution is:

(Multiple Choice)

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Question 11

Use the following to answer questions: Figure: Model of a Competitive Market -(Figure: Model of a Competitive Market) Given the figure Model of a Competitive Market, if a tax is imposed on sellers, the equilibrium price will _ and the equilibrium quantity will _.

(Multiple Choice)

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Question 12

Use the following to answer questions: Scenario: Private and External Benefits A small community finds that tidy lawns and neighborhoods provide both private and external benefits. They determine that the marginal private benefit (MPB) of lawns can be represented by the equation MPB = 50 - 0.5Q, where Q is the number of hours spent on keeping lawns tidy. The marginal private cost (MPC) of such lawn upkeep is represented by the equation MPC = 0.5Q, where Q is again the number of hours engaged in lawn upkeep. -(Scenario: Private and External Benefits) Look at the scenario Private and External Benefits. The community estimates the marginal social benefit from lawn upkeep to be $15. Given this information, what is the socially optimal amount of lawn upkeep for this community?

(Multiple Choice)

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Question 13

Use the following to answer questions: -(Table: Coal Mine Pollution) The table Coal Mine Pollution shows the marginal social benefit and cost of various amounts of pollution from a coal mine. The market-determined quantity of pollution is _____ tons.

(Multiple Choice)

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Question 14

Use the following to answer questions: -(Table: Coal Mine Pollution) The table Coal Mine Pollution shows the marginal social benefit and cost of various amounts of pollution from a coal mine. The efficient quantity of pollution is _____ tons.

(Multiple Choice)

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Question 15

The efficient rate of emissions occurs when:

(Multiple Choice)

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Question 16

Use the following to answer questions: Figure: City with Two Polluters -(Figure: City with Two Polluters) Look at the figure City with Two Polluters. If the government imposed an emissions tax of $400, firm A would produce _ tons of emissions and firm B would produce _ tons of emissions.

(Multiple Choice)

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Question 17

Pigouvian taxes are designed to reduce:

(Multiple Choice)

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Question 18

Automobile emissions generate pollution, have costs, and cause discomfort to residents of a city. In this case:

(Multiple Choice)

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Question 19

Positive externalities are:

(Multiple Choice)

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Question 20

Showing 1 - 20 of 199

Use the following to answer questions: Figure: Efficiency and Pollution -(Figure: Efficiency and Pollution) Look at the figure Efficiency and Pollution. If this market produced _ tons of pollution, then _.

Network externalities are often:

An external benefit is a:

Which of the following is an environmental policy based on tradable pollution permits?

The efficient level of pollution is the quantity at which:

The government has adopted an emissions tax if it:

Use the following to answer questions: Figure: The Socially Optimal Quantity of Pollution -(Figure: The Socially Optimal Quantity of Pollution) In the figure The Socially Optimal Quantity of Pollution, the optimal level of pollution is:

Use the following to answer questions: Figure: Model of a Competitive Market -(Figure: Model of a Competitive Market) Given the figure Model of a Competitive Market, if a tax is imposed on sellers, the equilibrium price will _ and the equilibrium quantity will _.

Use the following to answer questions: -(Table: Coal Mine Pollution) The table Coal Mine Pollution shows the marginal social benefit and cost of various amounts of pollution from a coal mine. The market-determined quantity of pollution is _____ tons.

Use the following to answer questions: -(Table: Coal Mine Pollution) The table Coal Mine Pollution shows the marginal social benefit and cost of various amounts of pollution from a coal mine. The efficient quantity of pollution is _____ tons.

The efficient rate of emissions occurs when:

Use the following to answer questions: Figure: City with Two Polluters -(Figure: City with Two Polluters) Look at the figure City with Two Polluters. If the government imposed an emissions tax of $400, firm A would produce _ tons of emissions and firm B would produce _ tons of emissions.

Pigouvian taxes are designed to reduce:

Automobile emissions generate pollution, have costs, and cause discomfort to residents of a city. In this case:

Positive externalities are:

First Principles

Economic Models: Trade-Offs and Trade 25

Supply and Demand

Consumer and Producer Surplus

Price Controls and Quotas: Meddling With Markets

Elasticity

Taxes

International Trade

Decision Making by Individuals Firms

The Rational Consumer

Behind the Supply Curve: Inputs and Costs

Perfect Competition and the Supply Curve

Monopoly

Oligopoly

Monopolistic Competition and Product Differentiation

Public Goods Common Resources

The Economics of the Welfare

Factor Markets and the Distribution of Income

Uncertainty, Risk, and Private Information

Filters

Exam 16: Externalities

Use the following to answer questions: Figure: Efficiency and Pollution -(Figure: Efficiency and Pollution) Look at the figure Efficiency and Pollution. If this market produced _____ tons of pollution, then _____.

Network externalities are often:

An external benefit is a:

Which of the following is an environmental policy based on tradable pollution permits?

The efficient level of pollution is the quantity at which:

The government has adopted an emissions tax if it:

Use the following to answer questions: Figure: The Socially Optimal Quantity of Pollution -(Figure: The Socially Optimal Quantity of Pollution) In the figure The Socially Optimal Quantity of Pollution, the optimal level of pollution is:

Use the following to answer questions: Figure: Model of a Competitive Market -(Figure: Model of a Competitive Market) Given the figure Model of a Competitive Market, if a tax is imposed on sellers, the equilibrium price will _____ and the equilibrium quantity will _____.

Use the following to answer questions: -(Table: Coal Mine Pollution) The table Coal Mine Pollution shows the marginal social benefit and cost of various amounts of pollution from a coal mine. The market-determined quantity of pollution is _____ tons.

Use the following to answer questions: -(Table: Coal Mine Pollution) The table Coal Mine Pollution shows the marginal social benefit and cost of various amounts of pollution from a coal mine. The efficient quantity of pollution is _____ tons.

The efficient rate of emissions occurs when:

Use the following to answer questions: Figure: City with Two Polluters -(Figure: City with Two Polluters) Look at the figure City with Two Polluters. If the government imposed an emissions tax of $400, firm A would produce _____ tons of emissions and firm B would produce _____ tons of emissions.

Pigouvian taxes are designed to reduce:

Automobile emissions generate pollution, have costs, and cause discomfort to residents of a city. In this case:

Positive externalities are:

First Principles

Economic Models: Trade-Offs and Trade 25

Supply and Demand

Consumer and Producer Surplus

Price Controls and Quotas: Meddling With Markets

Elasticity

Taxes

International Trade

Decision Making by Individuals Firms

The Rational Consumer

Behind the Supply Curve: Inputs and Costs

Perfect Competition and the Supply Curve

Monopoly

Oligopoly

Monopolistic Competition and Product Differentiation

Public Goods Common Resources

The Economics of the Welfare

Factor Markets and the Distribution of Income

Uncertainty, Risk, and Private Information

Filters

Use the following to answer questions: Figure: Efficiency and Pollution -(Figure: Efficiency and Pollution) Look at the figure Efficiency and Pollution. If this market produced _ tons of pollution, then _.

Use the following to answer questions: Figure: Model of a Competitive Market -(Figure: Model of a Competitive Market) Given the figure Model of a Competitive Market, if a tax is imposed on sellers, the equilibrium price will _ and the equilibrium quantity will _.

Use the following to answer questions: Figure: City with Two Polluters -(Figure: City with Two Polluters) Look at the figure City with Two Polluters. If the government imposed an emissions tax of $400, firm A would produce _ tons of emissions and firm B would produce _ tons of emissions.