USU-Intro To MacroEcon - Assignment 2

The ex is tenc e of private property rights 2 public

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Unformatted text preview: ex is tenc e of private property rights . 2. public goods . 3. pos itive ex ternalities . 4. mark et imperfec tions . 5. inc entives to free-ride on others . Que stion 13 (1 point) W hic h of the following is not an ex ample of an ex ternality ? 1. Air pollution from fac tories 2. Throwing a c andy wrapper out y our c ar window 3. Selling a produc t below c os t 4. The dumping of c hemic als into a nearby lak e 5. Educ ation Que stion 14 (1 point) W hic h of the following would be c las s ified as a public good? 1. Telephones 2. Automobiles 3. National defens e 4. Cable televis ion programs 5. Lottery tic k ets Que stion 15 (1 point) In the abs enc e of government, an underalloc ation of res ourc es generally ex is ts for 1. ex...
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