ExamView Pro - quizextconschoice

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Name: ________________________ Class: ___________________ Date: __________ ID: A 1 Quiz 6 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. Use this picture to answer the questions that follow 10 9.50 9 8.50 8 7 7.50 50 60 70 80 90 100 110 120 Demand MSB Supply ____ 1. What kind of externality is this? a. Positive Consumption c. Positive Production b. Negative Consumption d. Negative Production ____ 2. What is the DWL of this externalitiy? a. zero c. 10 b. 7.5 d. 15 ____ 3. If a pigouvian tax/subsidy is used, what will be selected? a. A tax of $1 c. A tax of $1.50 b. A subsidy of $1 d. A subsidy of $1.50 ____ 4. If the appropriate Pigouvian tax/subsidy is used, what is the new CS? a. 52.50 c. 75 b. 150 d. 200
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Name: ________________________ ID: A 2 Figure 21-4 ____ 5. Refer to Figure 21-4 . Which of the following statements is correct? a.
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This note was uploaded on 02/20/2012 for the course ECON 221 taught by Professor Gordanier during the Fall '08 term at South Carolina.

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ExamView Pro - quizextconschoice - Name: _ Class: _ Date: _...

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