point at whichAnswer Selected Answer:Their marginal social benefit no longer exceeds their marginal socialcostCorrect Answer:Their marginal social benefit no longer exceeds their marginal socialcostQuestion 17 4 out of 4 pointsProstitution is an example of a(n)Answer Selected Answer:Illegal trafficking of goods and servicesCorrect Answer:Illegal trafficking of goods and servicesQuestion 18 4 out of 4 pointsGovernment can effectively remedy the free-rider problem byAnswer Selected
Answer:Requiring all who receive the benefits of a public good or service to pay appropriate taxes for itCorrect Answer:Requiring all who receive the benefits of a public good or service to pay appropriate taxes for itQuestion 19 4 out of 4 pointsIf you are willing to take a pay cut to live near a ski resort, the ski resort provides you withAnswer Selected Answer:Psychic benefitsCorrect Answer:Psychic benefitsQuestion 20 4 out of 4 pointsAggravated assault is an example of a(n)Answer Selected Answer:Violent crimeCorrect Answer:Violent crimeQuestion 21 4 out of 4 pointsWhich of the following decreases a person's implicit cost of engaging in the illegal production of marijuana?Answer Selected Answer:UnemploymentCorrect Answer:Unemployment
Question 22 4 out of 4 pointsAn additional expenditure on crime prevention should be allocated to the activity whereAnswer Selected Answer:MSB is greatestCorrect Answer:MSB is greatestQuestion 23 0 out of 4 pointsWhich of the following goods or services is a public good?Answer Selected Answer:Polio immunizationCorrect Answer:National defenseQuestion 24 4 out of 4 pointsThe marginal cost of a good isAnswer Selected Answer:The change in total cost per unit change in output
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- Correct Answer, Externality