A) a good that is rival and non-excludable. B) a good that is non-rival and non-excludable. C) a good that is rival and excludable. D) a good that is non-rival and excludable. A) a good that is rival and non-excludable. B) a good that is non-rival and non-excludable. C) a good that is rival and excludable. D) a good that is non-rival and excludable.

-Refer to Figure 15-6. What does D2 represent?

A) the social welfare curve B) the demand curve reflecting social benefit C) the demand curve reflecting private benefit D) the positive externalities curve A) the social welfare curve B) the demand curve reflecting social benefit C) the demand curve reflecting private benefit D) the positive externalities curve

-Refer to Figure 15-1. If, because of an externality, the economically efficient output is Q2 and not the current equilibrium output of Q1, what does S2 represent?

A) the market supply curve reflecting private cost B) the market supply curve reflecting social cost C) the market supply curve reflecting external cost D) the market supply curve reflecting implicit cost A) the market supply curve reflecting private cost B) the market supply curve reflecting social cost C) the market supply curve reflecting external cost D) the market supply curve reflecting implicit cost

Exam 15: Externalities , Environmental Policy and Public Goods

-Refer to Figure 15-9. Let's suppose the government imposes a tax of $50 per ton of toilet paper to bring about the efficient level of production. What happens to the market price of toilet paper?

(Multiple Choice)

4.8/5

(40)

Question 181

Haiti was once a heavily forested country. Today, 80 per cent of Haiti's forests have been cut down, primarily to be burned to create charcoal. The reduction in the number of trees has led to devastating floods when it rains heavily. This is an example of

(Multiple Choice)

4.8/5

(38)

Question 182

An external benefit is created when you pursue a university education.

(True/False)

5.0/5

(34)

Question 183

If you burn your trash in the back yard in spite of regulations against it, then you are

(Multiple Choice)

4.9/5

(36)

Question 184

The Coase theorem states that

(Multiple Choice)

4.8/5

(34)

Question 185

-Refer to Figure 15-6. What is the economically efficient output level?

(Multiple Choice)

4.9/5

(36)

Question 186

Which of the following is an example of a quasi-public good?

(Multiple Choice)

4.8/5

(35)

Question 187

A private good is

(Multiple Choice)

4.8/5

(35)

Question 188

-Refer to Figure 15-14. Identify the area that shows the deadweight loss from overfishing.

(Multiple Choice)

4.9/5

(42)

Question 189

A quasi-public good differs from a public good in that unlike a public good, it is possible to keep out those who do not pay for the quasi-public good from enjoying the benefits of the good.

(True/False)

4.8/5

(46)

Question 190

The social cost of cutting trees for firewood in a government forest is

(Multiple Choice)

4.8/5

(44)

Question 191

-Refer to Figure 15-3. The deadweight loss due to the externality is represented by the area

(Multiple Choice)

4.9/5

(39)

Question 192

In economics, the optimal level of pollution is the level for which the net benefit from reducing the pollution is the greatest.

(True/False)

4.9/5

(45)

Question 193

The demand curve for a public good is also called the

(Multiple Choice)

4.9/5

(33)

Question 194

-Refer to Figure 15-6. What does D₂ represent?

(Multiple Choice)

4.7/5

(39)

Question 195

-Refer to Figure 15-1. If, because of an externality, the economically efficient output is Q₂ and not the current equilibrium output of Q₁, what does S₂ represent?

(Multiple Choice)

4.8/5

(32)

Question 196

When there is a positive externality,

(Multiple Choice)

4.9/5

(33)

Question 197

-Refer to Figure 15-12. One way to obtain the economically efficient amount of university education is for governments to subsidise university education. What is the size of the per-student Pigovian subsidy that the government must provide to internalise the external benefits? (Note that the subsidy can be granted to the education institutions or to the students directly or indirectly; for example, through low-interest student loans.)

(Multiple Choice)

4.8/5

(37)

Question 198

How does the construction of a market demand curve for a private good differ from that for a public good?

(Multiple Choice)

4.9/5

(31)

Question 199

-Refer to Figure 15-7. What is the incremental cost of increasing the quantity of pollution reduction from Q_Bto Q_Eunits?

(Multiple Choice)

4.9/5

(31)

Question 200

Showing 181 - 200 of 212

-Refer to Figure 15-9. Let's suppose the government imposes a tax of $50 per ton of toilet paper to bring about the efficient level of production. What happens to the market price of toilet paper?

Haiti was once a heavily forested country. Today, 80 per cent of Haiti's forests have been cut down, primarily to be burned to create charcoal. The reduction in the number of trees has led to devastating floods when it rains heavily. This is an example of

An external benefit is created when you pursue a university education.

If you burn your trash in the back yard in spite of regulations against it, then you are

The Coase theorem states that

-Refer to Figure 15-6. What is the economically efficient output level?

Which of the following is an example of a quasi-public good?

A private good is

-Refer to Figure 15-14. Identify the area that shows the deadweight loss from overfishing.

A quasi-public good differs from a public good in that unlike a public good, it is possible to keep out those who do not pay for the quasi-public good from enjoying the benefits of the good.

The social cost of cutting trees for firewood in a government forest is

-Refer to Figure 15-3. The deadweight loss due to the externality is represented by the area

In economics, the optimal level of pollution is the level for which the net benefit from reducing the pollution is the greatest.

The demand curve for a public good is also called the

-Refer to Figure 15-6. What does D₂ represent?

-Refer to Figure 15-1. If, because of an externality, the economically efficient output is Q₂ and not the current equilibrium output of Q₁, what does S₂ represent?

When there is a positive externality,

How does the construction of a market demand curve for a private good differ from that for a public good?

-Refer to Figure 15-7. What is the incremental cost of increasing the quantity of pollution reduction from Q_Bto Q_Eunits?

Economics Foundations and Models

Choices and Trade - Offs in the Market

Where Prices Come Frome : The Interaction of Demand and Supply

Elasticity: The Responsiveness of Demand and Supply

Economic Efficiency , Government Price Setting and Taxes

Concumer Choice and Behavioural Economics

Technology , Production and Costs

Firms in Perfectly Compitive Markets

Monopoly Markets

Monopolistic Competition : The Competitive Model in More Realistic Setting

Oligopoly : Firms in Less Competitve Markets

The Market for Labour and Other Factors of Production

International Trade

Government Intervention in the Market

The Distribution of Income and Social Policy

Filters

Exam 15: Externalities , Environmental Policy and Public Goods

-Refer to Figure 15-9. Let's suppose the government imposes a tax of $50 per ton of toilet paper to bring about the efficient level of production. What happens to the market price of toilet paper?

Haiti was once a heavily forested country. Today, 80 per cent of Haiti's forests have been cut down, primarily to be burned to create charcoal. The reduction in the number of trees has led to devastating floods when it rains heavily. This is an example of

An external benefit is created when you pursue a university education.

If you burn your trash in the back yard in spite of regulations against it, then you are

The Coase theorem states that

-Refer to Figure 15-6. What is the economically efficient output level?

Which of the following is an example of a quasi-public good?

A private good is

-Refer to Figure 15-14. Identify the area that shows the deadweight loss from overfishing.

A quasi-public good differs from a public good in that unlike a public good, it is possible to keep out those who do not pay for the quasi-public good from enjoying the benefits of the good.

The social cost of cutting trees for firewood in a government forest is

-Refer to Figure 15-3. The deadweight loss due to the externality is represented by the area

In economics, the optimal level of pollution is the level for which the net benefit from reducing the pollution is the greatest.

The demand curve for a public good is also called the

-Refer to Figure 15-6. What does D2 represent?

-Refer to Figure 15-1. If, because of an externality, the economically efficient output is Q2 and not the current equilibrium output of Q1, what does S2 represent?

When there is a positive externality,

How does the construction of a market demand curve for a private good differ from that for a public good?

-Refer to Figure 15-7. What is the incremental cost of increasing the quantity of pollution reduction from QB to QE units?

Economics Foundations and Models

Choices and Trade - Offs in the Market

Where Prices Come Frome : The Interaction of Demand and Supply

Elasticity: The Responsiveness of Demand and Supply

Economic Efficiency , Government Price Setting and Taxes

Concumer Choice and Behavioural Economics

Technology , Production and Costs

Firms in Perfectly Compitive Markets

Monopoly Markets

Monopolistic Competition : The Competitive Model in More Realistic Setting

Oligopoly : Firms in Less Competitve Markets

The Market for Labour and Other Factors of Production

International Trade

Government Intervention in the Market

The Distribution of Income and Social Policy

Filters

-Refer to Figure 15-6. What does D₂ represent?

-Refer to Figure 15-1. If, because of an externality, the economically efficient output is Q₂ and not the current equilibrium output of Q₁, what does S₂ represent?

-Refer to Figure 15-7. What is the incremental cost of increasing the quantity of pollution reduction from Q_Bto Q_Eunits?