A) is itself a form of negative externality B) is a positive externality used to offset a negative one C) is a price per unit of discharge of pollution D) is a tax on pollution control equipment E) may cause a common pool problem A) is itself a form of negative externality B) is a positive externality used to offset a negative one C) is a price per unit of discharge of pollution D) is a tax on pollution control equipment E) may cause a common pool problem

Exam 17: Externalities and the Environment

The band Coldplay's funding of 10,000 mango trees in India to help sop up emissions related to the release of their CD, A Rush of Blood to the Head, is an example of fixed-production technology.

(True/False)

4.8/5

(30)

Question 141

Renewable resources are those for which

(Multiple Choice)

4.7/5

(36)

Question 142

More water pollution in the United States comes from __________ than any other source.

(Multiple Choice)

4.9/5

(31)

Question 143

Sailboats and motorboats share Emerson Lake, which nobody owns. The sailors say the motorboats are a hazard; the motorboaters say it is the other way around. Frequent collisions occur, with many injuries and some deaths every year. If the City of Emerson were to buy the lake itself,

(Multiple Choice)

4.9/5

(39)

Question 144

A pollution tax

(Multiple Choice)

4.7/5

(37)

Question 145

NARRBEGIN: Exhibit 17-4 Exhibit 17-4 -Which of the following could not have caused the increase in demand indicated in Exhibit 17-4?

(Multiple Choice)

5.0/5

(41)

Question 146

Fishing, the lumber industry, tourism, and even city buildings in Canada are harmed by acid rain, most of which comes from the United States. According to the Coase theorem, the problem is

(Multiple Choice)

4.9/5

(32)

Question 147

When an activity results in the creation of external benefits, markets will produce more than the socially optimal level of that activity.

(True/False)

4.8/5

(33)

Question 148

When using the economic efficiency approach to controlling air and water pollution, the government

(Multiple Choice)

4.7/5

(42)

Question 149

The optimal level of air quality

(Multiple Choice)

4.9/5

(40)

Question 150

Free markets produce too little output when

(Multiple Choice)

4.8/5

(36)

Question 151

At the market output and price for a good whose production causes pollution,

(Multiple Choice)

4.8/5

(32)

Question 152

To achieve the socially optimal level of pollution, the biggest polluters should be targetted for the greates reduction in pollution.

(True/False)

4.8/5

(38)

Question 153

NARRBEGIN: Exhibit 17-1 Exhibit 17-1 -In Exhibit 17-1, the amount by which the total social cost of producing the private equilibrium level of output exceeds the total social benefit is

(Multiple Choice)

4.9/5

(42)

Question 154

To maximize social welfare in the presence of a negative externality, marginal must equal marginal .

(Multiple Choice)

4.9/5

(37)

Question 155

Some pollution occurs because property rights to some resources are well defined.

(True/False)

4.8/5

(27)

Question 156

Most water pollution in the United States comes from manufacturing sites.

(True/False)

5.0/5

(36)

Question 157

NARRBEGIN: Exhibit 17-6 Exhibit 17-6 -In Exhibit 17-6, a subsidy of $3 per unit will lead to the socially optimal level of production.

(True/False)

4.9/5

(47)

Question 158

Government allocation of pollution rights cannot be efficient if polluters cannot be easily identified and monitored.

(True/False)

4.8/5

(31)

Question 159

A removal or depletion tax on an open-access resource increases the marginal private cost of using the resource by

(Multiple Choice)

4.8/5

(33)

Question 160

Showing 141 - 160 of 194

Exam 17: Externalities and the Environment

The band Coldplay's funding of 10,000 mango trees in India to help sop up emissions related to the release of their CD, A Rush of Blood to the Head, is an example of fixed-production technology.

Renewable resources are those for which

More water pollution in the United States comes from __________ than any other source.

Sailboats and motorboats share Emerson Lake, which nobody owns. The sailors say the motorboats are a hazard; the motorboaters say it is the other way around. Frequent collisions occur, with many injuries and some deaths every year. If the City of Emerson were to buy the lake itself,

A pollution tax

NARRBEGIN: Exhibit 17-4 Exhibit 17-4 -Which of the following could not have caused the increase in demand indicated in Exhibit 17-4?

Fishing, the lumber industry, tourism, and even city buildings in Canada are harmed by acid rain, most of which comes from the United States. According to the Coase theorem, the problem is

When an activity results in the creation of external benefits, markets will produce more than the socially optimal level of that activity.

When using the economic efficiency approach to controlling air and water pollution, the government

The optimal level of air quality

Free markets produce too little output when

At the market output and price for a good whose production causes pollution,

To achieve the socially optimal level of pollution, the biggest polluters should be targetted for the greates reduction in pollution.

NARRBEGIN: Exhibit 17-1 Exhibit 17-1 -In Exhibit 17-1, the amount by which the total social cost of producing the private equilibrium level of output exceeds the total social benefit is

To maximize social welfare in the presence of a negative externality, marginal __________ must equal marginal __________.

Some pollution occurs because property rights to some resources are well defined.

Most water pollution in the United States comes from manufacturing sites.

NARRBEGIN: Exhibit 17-6 Exhibit 17-6 -In Exhibit 17-6, a subsidy of $3 per unit will lead to the socially optimal level of production.

Government allocation of pollution rights cannot be efficient if polluters cannot be easily identified and monitored.

A removal or depletion tax on an open-access resource increases the marginal private cost of using the resource by

The Art and Science of Economic Analysis

Appendix: Understanding Graphs

Economic Tools and Economics Systems

Economic Decision Makers

Demand, Supply, and Markets

Elasticity of Demand and Supply

Consumer Choice and Demand

Production and Cost in the Firm

A: Perfect Competition

B: Perfect Competition

A: Monopoly

B: Monopoly

Monopolistic Competition and Oligopoly

Resource Markets

Labor Markets and Labor Unions

Capital, Interest, and Corporate Finance

Transaction Costs, Imperfect Information, and Behavioral Economics

Economic Regulation and Antitrust Policy

Public Goods and Public Choice

Income Distribution and Poverty

International Trade

International Finance

Economic Development

Filters

To maximize social welfare in the presence of a negative externality, marginal must equal marginal .