eco ch.12 mult. ch. quiz

eco ch.12 mult. ch. quiz - to solve an externality. Which...

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Questi on 1 1 out of 1 points Assume that the town of Pleasantville has two local TV stations. If one of them invests in the newest Doppler radar technology, one can predict that Selected Answer: Correct Answer:
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Question 2 1 out of 1 points When some fraction of the benefit of an activity is received by people not participating in the activity, it is called a(n) Selected Answer: Correct Answer: Question 3 1 out of 1 points If the external benefit of an activity is added to the private benefits, then the Selected Answer: Correct Answer: Question 4 1 out of 1 points In the case of either an external cost or an external benefit, the invisible hand fails to generate the efficient outcome because Selected Answer: Correct Answer: Question 5 1 out of 1 points All but one of the following factors would lessen the ability of the Coase Theorem
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Unformatted text preview: to solve an externality. Which one? Question 5 1 out of 1 points Selected Answer: Correct Answer: Question 6 1 out of 1 points The tragedy of the commons refers to the Selected Answer: Correct Answer: Question 7 1 out of 1 points Which of the following is an example of an external benefit? Selected Answer: Correct Answer: Question 8 1 out of 1 points Which of the following is not an example of a positional arms control agreement? Selected Answer: Correct Answer: Question 9 1 out of 1 points If, after an externality is corrected, the equilibrium price rises and the equilibrium quantity falls, the externality must have been a(n) Selected Answer: Correct Answer: Question 10 1 out of 1 points Which of the following is an example of a governmental solution to an external benefit? Selected Answer: Correct Answer:...
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This note was uploaded on 04/27/2008 for the course ECO 108 taught by Professor Wolman during the Fall '08 term at SUNY Stony Brook.

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eco ch.12 mult. ch. quiz - to solve an externality. Which...

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