Strayer ECO 405 Week 4 Quiz 3 (2014)

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For a tax on pollution to be effective, it must be

 Question 2 

 Another term for implicit cost is

 Question 3 

 Which of the following is a factor leading to pollution?

 Question 4 

 Requiring automobiles to pass emissions tests before being allowed on the road is an example of a(n)

 Question 5 

 The level of pollution increases when

 Question 6 

 The efficient level of pollution is zero only if the

 Question 7 

 Marginal private cost (MPC) always includes:

 Question 8 

 Costs incurred by the producer to buy or hire resources are called

 Question 9 

 Complete elimination of pollution is economically rational when

 Question 10 

 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

 Question 11 

 Human production processes do not include which of the following services?

 Question 12 

 Which of the following creates a positive externality in production?

 Question 13 

 Pollution rights markets

 Question 14 

 When the marginal private benefit of an activity does not equal the marginal social benefit, which of the following exists?

 Question 15 

 When the marginal private cost of an activity does not equal the marginal social cost, which of the following exists?

 Question 16 

 If you are willing to take a pay cut to live near a ski resort, the ski resort provides you with

 Question 17 

 If a law is passed making it illegal for unlicensed barbers to cut hair, which of the following will result?

 Question 18 

 When an individual receives benefits from a business endeavor in the form of personal satisfaction, the benefits are known as

 Question 19 

 The marginal cost of a good is

 Question 20 

 Government can effectively remedy the free-rider problem by

 Question 21 

 Police officers should be hired up to the point where

 Question 22 

 An additional expenditure on crime prevention should be allocated to the activity where

 Question 23 

 Which of the following exists when an individual consumes benefits from a public good but does not pay for its cost?

 Question 24 

 Which of the following decreases a person's implicit cost of engaging in the illegal production of marijuana?

 Question 25 

 Economics explains the decision to participate in criminal activities most often in the case of

 Question 26 

 Economic analysis of crime can

 Question 27 

 From an economic point of view, crime prevention activities should be expanded to the point at which

 Question 28 

 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

 Question 29 

 Arson is an example of a(n)

 Question 30 

 Prostitution is an example of a(n)

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