Economics
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| show | private benefits of consuming a product
🗑
|
||||
| show | more than the economically efficient output level
🗑
|
||||
| show | negative externality
🗑
|
||||
| Conceptually, the efficient level of carbon emissions is the level for which | show 🗑
|
||||
| Which of the following describes how a negative externality affects a competitive market? | show 🗑
|
||||
| show | avoiding the private costs associated with disposing your trash some other way and creating a social cost
🗑
|
||||
| An externality occurs when ________. | show 🗑
|
||||
| Which of the following activities create a negative externality? | show 🗑
|
||||
| The marginal social cost curve ________ when production involves negative externalities | show 🗑
|
||||
| show | is too low and equilibrium quantity is too high
🗑
|
||||
| Which of the following gives rise to a positive externality? | show 🗑
|
||||
| show | the marginal social benefit to exceed the marginal private cost of the last unit produced
🗑
|
||||
| The production of a certain fertilizer emits a gas that keeps away mosquitoes and other insects from the surrounding community. This is an example of a ________. | show 🗑
|
||||
| If positive externalities are present in a free market, ________ at any output level | show 🗑
|
||||
| The marginal social benefit from the production of the last unit of a good is $4,800. If the willingness to pay for that unit is $3,900, what is the external benefit from its production? | show 🗑
|
||||
| Which of the following activities can give rise to a positive externality | show 🗑
|
||||
| Which of the following is true if the production of a good gives rise to a positive externality | show 🗑
|
||||
| show | The externality causes a difference between the private benefit from consumption and the social benefit
🗑
|
||||
| show | True
🗑
|
||||
| When there is a positive externality | show 🗑
|
||||
| Consider the following characteristics: a. low transactions costs b. small levels of pollution c. high levels of pollution d. clear assignment of property rights Which of the above are assumptions behind the Coase Theorem | show 🗑
|
||||
| show | transactions costs
🗑
|
||||
| show | Government intervention is not always necessary to solve externality problems
🗑
|
||||
| show | transactions costs
🗑
|
||||
| show | True
🗑
|
||||
| show | a Coasian solution to an externality situation
🗑
|
||||
| Suppose a negative externality exists in a market. If transactions costs are low and parties are willing to bargain then, according to the Coase theorem | show 🗑
|
||||
| If transactions costs are low, private bargaining will always result in an efficient solution to the problem of externalities | show 🗑
|
||||
| show | negotiation between economic agents leads to an efficient allocation of resources
🗑
|
||||
| When the federal government orders firms to use particular methods to reduce pollution, it is said to be using | show 🗑
|
||||
| Assume that production from an electric utility caused acid rain. If the government imposed a tax on the utility equal to the cost of the acid rain, the government's action would | show 🗑
|
||||
| A carbon tax which is designed to reduce pollution is an example of a | show 🗑
|
||||
| show | induce producers generating negative externalities to reduce production
🗑
|
||||
| Governments can increase the consumption of a product that creates positive externalities by | show 🗑
|
||||
| If production of a good gives rise to a negative externality, it can be internalized by taxing the producers of the good | show 🗑
|
||||
| A government regulation that bans the use of a certain polluting technology in the production of a good is an example of a ________ to solve an externality | show 🗑
|
||||
| show | The marginal private benefit curve shifts upward
🗑
|
||||
| Assume that production from an electric utility caused acid rain and that the government imposed a tax on the utility equal to the cost of the acid rain. This is an example of | show 🗑
|
||||
| The U.S. government has frequently used a "command-and-control" approach in dealing with pollution. Which of the following describes this approach? | show 🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
annalise123