sample_chapter_14

sample_chapter_14 - Sample Questions Chapter 14 Short...

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Sample Questions: Chapter 14 Short Questions from the textbook: Review Questions: 1-5 Problems: 1, 2, 5 and 10 Multiple Choice Questions: 1. Radio is an example of a good that is A) only nonrival. B) only nonexcludable. C) neither nonrival nor nonexcludable. D) both nonrival and nonexcludable. E) private. 2. If the marginal tax rate is 20 percent on $15,000 and 15 percent on $20,000, the tax structure is: A) progressive. B) regressive. C) proportional. D) unfair. E) flat-rate. 3. The market demand curve for a public good: A) is derived in the same manner as demand curves for private goods. B) is derived by horizontally summing all individual demand curves. C) shows the total value that all individuals place on each unit of the good. D) shows the total number of units that would be produced by the private sector at each possible price. E) none of the above 4. P a and P b represent the prices that citizens (a) and (b), the only two people in this nation, are willing to pay for additional units of a quantity (Q
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This note was uploaded on 11/03/2009 for the course ECON 210 taught by Professor James during the Spring '09 term at UBC.

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sample_chapter_14 - Sample Questions Chapter 14 Short...

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