Strayer ECO 405 Week 4 Quiz 3 (2014)KnowledgeCats
For a tax on pollution to be effective, it must be
Another term for implicit cost is
Which of the following is a factor leading to pollution?
Requiring automobiles to pass emissions tests before being allowed on the road is an example of a(n)
The level of pollution increases when
The efficient level of pollution is zero only if the
Marginal private cost (MPC) always includes:
Costs incurred by the producer to buy or hire resources are called
Complete elimination of pollution is economically rational when
If a pollution tax is placed on a firm emitting pollution, the firm will treat pollution, rather than pay the tax, as long as the tax is
Human production processes do not include which of the following services?
Which of the following creates a positive externality in production?
Pollution rights markets
When the marginal private benefit of an activity does not equal the marginal social benefit, which of the following exists?
When the marginal private cost of an activity does not equal the marginal social cost, which of the following exists?
If you are willing to take a pay cut to live near a ski resort, the ski resort provides you with
If a law is passed making it illegal for unlicensed barbers to cut hair, which of the following will result?
When an individual receives benefits from a business endeavor in the form of personal satisfaction, the benefits are known as
The marginal cost of a good is
Government can effectively remedy the free-rider problem by
Police officers should be hired up to the point where
An additional expenditure on crime prevention should be allocated to the activity where
Which of the following exists when an individual consumes benefits from a public good but does not pay for its cost?
Which of the following decreases a person's implicit cost of engaging in the illegal production of marijuana?
Economics explains the decision to participate in criminal activities most often in the case of
Economic analysis of crime can
From an economic point of view, crime prevention activities should be expanded to the point at which
A group project has been assigned and most of the work ends up being produced by only one or two of the group's members. This is an example of
Arson is an example of a(n)
Prostitution is an example of a(n)
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