Week 4 Quiz 3Question 1 4 out of 4 pointsIf all benefits from consuming a good go to consumers, the demand curve is the same as theAnswer Selected Answer:MPB curveCorrect Answer:MPB curveQuestion 2 0 out of 4 pointsIf 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 isAnswer Selected Answer:Below its MPC of pollution controlCorrect Answer:Above its MPC of pollution controlQuestion 3 4 out of 4 pointsWhich of the following is a factor leading to pollution?Answer Selected Answer:
The environment is collectively consumedCorrect Answer:The environment is collectively consumedQuestion 4 4 out of 4 pointsFor a tax on pollution to be effective, it must beAnswer Selected Answer:Greater than the cost of cleaning-up the pollutionCorrect Answer:Greater than the cost of cleaning-up the pollutionQuestion 5 4 out of 4 pointsThe level of pollution increases whenAnswer Selected Answer:Wastes are dumped into the environment at a higher rate than wastes are recycledCorrect Answer:Wastes are dumped into the environment at a higher rate than wastes are recycledQuestion 6 4 out of 4 points
When the marginal private cost of an activity does not equal the marginal social cost, which of the following exists?Answer Selected Answer:Externality in productionCorrect Answer:Externality in productionQuestion 7 4 out of 4 pointsHuman production processes do not include which of the following services?Answer Selected Answer:Technological advances in productionCorrect Answer:Technological advances in productionQuestion 8 4 out of 4 pointsThe term "marginal social benefit" meansAnswer Selected Answer:
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- Summer '14
- Correct Answer, Externality