Question 1

Making a $200 bet that you will quit smoking by the end of the month is evidence of:

Accepted Answer

A)  an actuarial adjustment. 
B)  a commitment device. 
C)  a financial externality. 
D)  a self-control problem. 
A)  an actuarial adjustment. 
B)  a commitment device. 
C)  a financial externality. 
D)  a self-control problem.

Question 2

In their comparison of health outcomes between communities in attainment areas and those in nonattainment areas before and after the Clean Air Act of 1970,Chay and Greenstone (2003)used a:

Accepted Answer

A)  time series analysis. 
B)  cross-sectional regression analysis. 
C)  randomized trial. 
D)  quasi-experiment. 
A)  time series analysis. 
B)  cross-sectional regression analysis. 
C)  randomized trial. 
D)  quasi-experiment.

Question 3

Acid rain is caused when _______ are released into the atmosphere.

Accepted Answer

A)  sulfur dioxide and carbon dioxide 
B)  carbon monoxide and nitrogen oxides 
C)  sulfur dioxide and nitrogen oxides 
D)  carbon monoxide and carbon dioxide 
A)  sulfur dioxide and carbon dioxide 
B)  carbon monoxide and nitrogen oxides 
C)  sulfur dioxide and nitrogen oxides 
D)  carbon monoxide and carbon dioxide

Question 4

The goal of the 1997 Kyoto treaty was to combat global warming by:

Accepted Answer

A)  cutting greenhouse emissions below 1970 levels by 2010. 
B)  cutting greenhouse emissions below 1990 levels by 2010. 
C)  relocating coal-fired power plants to areas of the planet with the highest concentrations of greenhouse gases. 
D)  relocating coal-fired power plants to areas of the planet with the lowest concentrations of greenhouse gases. 
A)  cutting greenhouse emissions below 1970 levels by 2010. 
B)  cutting greenhouse emissions below 1990 levels by 2010. 
C)  relocating coal-fired power plants to areas of the planet with the highest concentrations of greenhouse gases. 
D)  relocating coal-fired power plants to areas of the planet with the lowest concentrations of greenhouse gases.

Question 5

Which of the following can be said about the Obama administration's 2012 regulation related to greenhouse gas emissions?

Accepted Answer

A)  Most coal-fired power plants easily meet the new carbon standards. 
B)  The regulation restricts carbon emission for only coal producers. 
C)  Most natural gas-powered plants easily meet the new carbon standards. 
D)  Recent studies suggest short-term reduction of carbon emissions of up to 80%. 
A)  Most coal-fired power plants easily meet the new carbon standards. 
B)  The regulation restricts carbon emission for only coal producers. 
C)  Most natural gas-powered plants easily meet the new carbon standards. 
D)  Recent studies suggest short-term reduction of carbon emissions of up to 80%.

Question 6

Public policy approaches designed to reduce obesity:

Accepted Answer

A)  have not been proposed,but hold a lot of promise. 
B)  have been highly effective. 
C)  have not proven highly successful. 
D)  are not within the jurisdiction of economic policy. 
A)  have not been proposed,but hold a lot of promise. 
B)  have been highly effective. 
C)  have not proven highly successful. 
D)  are not within the jurisdiction of economic policy.

Question 7

The American Clean Energy and Security Act (2009),which set a target of reducing carbon emissions,was:

Accepted Answer

A)  approved by both the House of Representatives and the Senate,but not by the President. 
B)  approved by the House of Representatives,but did not have enough support in the Senate. 
C)  passed by Congress and signed into law by the President. 
D)  passed by Congress but vetoed by the President. 
A)  approved by both the House of Representatives and the Senate,but not by the President. 
B)  approved by the House of Representatives,but did not have enough support in the Senate. 
C)  passed by Congress and signed into law by the President. 
D)  passed by Congress but vetoed by the President.

Question 8

The fact that 80% of smokers wish to quit but fewer than the 80% quit is potentially evidence of a:

Accepted Answer

A)  compensating differential. 
B)  commitment device. 
C)  financial externality. 
D)  self-control problem. 
A)  compensating differential. 
B)  commitment device. 
C)  financial externality. 
D)  self-control problem.

Question 9

In recent years,there have been a number of different approaches using public policy tools to reduce obesity.Summarize at least three of these new approaches.

Accepted Answer

One approach is to make healthier foods

Making a $200 bet that you will quit smoking by the end of the month is evidence of:

In their comparison of health outcomes between communities in attainment areas and those in nonattainment areas before and after the Clean Air Act of 1970,Chay and Greenstone (2003)used a:

Acid rain is caused when _______ are released into the atmosphere.

The goal of the 1997 Kyoto treaty was to combat global warming by:

Which of the following can be said about the Obama administration's 2012 regulation related to greenhouse gas emissions?

Public policy approaches designed to reduce obesity:

The American Clean Energy and Security Act (2009),which set a target of reducing carbon emissions,was:

The fact that 80% of smokers wish to quit but fewer than the 80% quit is potentially evidence of a:

In recent years,there have been a number of different approaches using public policy tools to reduce obesity.Summarize at least three of these new approaches.

Why Study Public Finance

Theoretical Tools of Public Finance

Empirical Tools of Public Finance

Budget Analysis and Deficit Financing

Externalities- Problems and Solutions

Public Goods

Cost-Benefit Analysis

Political Economy

State and Local Government Expenditures

Education

Social Insurance- the New Function of Government

Social Security

Unemployment Insurance, disability Insurance, and Workers Compensation

Health Insurance I- Health Economics and Private Health Insurance

Health Insurance Ii- Medicare, medicaid, and Health Care Reform

Income Distribution and Welfare Programs

Taxation- How It Works and What It Means

The Equity Implications of Taxation- Tax Incidence

Taxes on Labor Supply

Taxes on Savings

Taxes on Risk Taking and Wealth

Taxation of Business Income

Fundamental Tax Reform and Consumption Tax

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Exam 6: Externalities in Action- Environmental and Health Externalities

Making a $200 bet that you will quit smoking by the end of the month is evidence of:

In their comparison of health outcomes between communities in attainment areas and those in nonattainment areas before and after the Clean Air Act of 1970,Chay and Greenstone (2003)used a:

Acid rain is caused when _______ are released into the atmosphere.

The goal of the 1997 Kyoto treaty was to combat global warming by:

Which of the following can be said about the Obama administration's 2012 regulation related to greenhouse gas emissions?

Public policy approaches designed to reduce obesity:

The American Clean Energy and Security Act (2009),which set a target of reducing carbon emissions,was:

The fact that 80% of smokers wish to quit but fewer than the 80% quit is potentially evidence of a:

In recent years,there have been a number of different approaches using public policy tools to reduce obesity.Summarize at least three of these new approaches.

Why Study Public Finance

Theoretical Tools of Public Finance

Empirical Tools of Public Finance

Budget Analysis and Deficit Financing

Externalities- Problems and Solutions

Public Goods

Cost-Benefit Analysis

Political Economy

State and Local Government Expenditures

Education

Social Insurance- the New Function of Government

Social Security

Unemployment Insurance, disability Insurance, and Workers Compensation

Health Insurance I- Health Economics and Private Health Insurance

Health Insurance Ii- Medicare, medicaid, and Health Care Reform

Income Distribution and Welfare Programs

Taxation- How It Works and What It Means

The Equity Implications of Taxation- Tax Incidence

Taxes on Labor Supply

Taxes on Savings

Taxes on Risk Taking and Wealth

Taxation of Business Income

Fundamental Tax Reform and Consumption Tax

Filters