Milestone_4_Microeconomics.pdf.pdf - Score 16/20 You...

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UNIT 4 — MILESTONE 4 Score 16/20 You passed this Milestone 16 questions were answered correctly . 4 questions were answered incorrectly . 1 Choose the example below that is a coincidence indicator. Unemployment rate Consumer confidence index Laffer Curve Weekly jobless claims CONCEPT Coincident Indicators 2 An estimate of the money and paperwork spent complying with environmental regulations could be compared to the advantages of cleaning up pollution. This method of determining the value of the environment is known as __________. hedonic pricing cost-benefit analysis This study resource was shared via CourseHero.com
healthcare costs contingent valuation CONCEPT Assessing Costs of Waste and Pollution--Environmental Economics 3 Which statement below is correct? Private goods are nonrival and excludable. Common goods are rival and nonexcludable. Common goods are nonrival and excludable. Public goods are rival and excludable. CONCEPT Public Goods, Private Goods, and the “Tragedy of the Commons” 4 Joe owns an electrical company that specializes in work on custom homes. Which of the following economic indicators would be most helpful in Joe's line of business for helping him to decide whether or not to add a permanent employee to payroll? Building permits The S & P 500 The unemployment rate The Conference Board Consumer Confidence Index This study resource was shared via CourseHero.com
CONCEPT Key Leading Indicators 5 Where the supply curve is more inelastic than the demand curve, who bears more of the burden of a tax? There is not enough information to answer this question Both consumers and producers share the burden equally Producers Consumers CONCEPT Taxation and Subsidy 6 Which of the following examples would correspond with a principal-agent problem?

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