test week 4 encon 405 - User Course Econ Problems Issues Test Quiz 3 Started 6:23 PM Submitted 7:51 PM Due Date 9:00 AM Status Completed Attempt Score

test week 4 encon 405 - User Course Econ Problems Issues...

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User Course Econ Problems & Issues Test Quiz 3 Started 7/27/16 6:23 PM Submitted 7/27/16 7:51 PM Due Date 8/1/16 9:00 AM Status Completed Attempt Score 104 out of 120 points Time Elapsed 1 hour, 27 minutes out of 2 hours Instructions This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 4. The second 15 questions cover the material in Chapter 5. Be sure you are in the correct Chapter when you take the quiz. Results Displayed Submitted Answers, Correct Answers, Feedback Question 1 4 out of 4 points Another term for implicit cost is Selected Answer: Opportunity cost Correct Answer: Opportunity cost Question 2 4 out of 4 points The optimal level of pollution control occurs when Selected Answer: MSB of control equals MSC false
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Correct Answer: MSB of control equals MSC Question 3 4 out of 4 points The level of pollution increases when Selected Answer: Wastes are dumped into the environment at a higher rate than wastes are recycled Correct Answer: Wastes are dumped into the environment at a higher rate than wastes are recycled Question 4 4 out of 4 points As additional units of pollution control are added, at some point each additional unit adds Selected Answer: Less than the previous unit to total benefits Correct Answer: Less than the previous unit to total benefits Question 5 0 out of 4 points Which of the following creates a positive externality in consumption? Selected Answer: Reducing the cost of producing of another good Correct Answer: Vaccinations Question 6
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4 out of 4 points Which of the following is a factor leading to pollution?
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  • Spring '15
  • Correct Answer, Externality, Arson

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