Which of the following is definitely not a

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105.Which of the following is definitelynota nonexcludable public good?a.national defenseb.elementary educationc.flood controld.charitable givinge.None of the above; all are nonexcludable public goods.ANS: BPTS:1DIF:ModerateNAT:Analytic
LOC:Markets, market failure, and externalities106.If an asymmetry of information is removed and laborers' preferences change against employmentin a labor market, it would __________ employment and __________ the wage at theequilibrium in the market.
c.decrease; raised.decrease; lowerANS: CPTS:1DIF:ModerateNAT:AnalyticLOC:Markets, market failure, and externalities107.The disagreement between A. C. Pigou and Ronald Coase arose becausePTS:1DIF:DifficultNAT:Analytic
LOC:Markets, market failure, and externalities108.The Coase theorem states thatPTS:1DIF:ModerateNAT:Analytic
LOC:Markets, market failure, and externalities109.When marginal private cost is equal to marginal social cost,a.the activity in question generates no positive externality.b.the activity in question generates no negative externality.c.all positive externalities have been internalized.d.all negative externalities have been internalized.e.b or dANS: EPTS:1DIF:ModerateNAT:Analytic
LOC:Markets, market failure, and externalities

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Term
Spring
Professor
CaraTucker
Tags
Externality, A C Pigou

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