United states busprog analytic local standa rds

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United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Markets, market failure, a - DISC:Markets, market failure, and externalitiesKEYWORDS:Bloom's: Comprehension151. If Jamal successfully and completely internalizes a negative externality, it follows thata. transaction costs are zero.b. his marginal private costs are equal to marginal social costs.c. information is asymmetric.d. information is symmetric.e. none of the aboveANSWER:bPOINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Markets, market failure, a - DISC:Markets, market failure, and externalitiesKEYWORDS:Bloom's: Application152. Firm X pays firm Y $345 for a pollution permit. This expenditure on the part of firm X is considered a __________.Firm Y ends up spending $200 to eliminate some pollution. This expenditure on the part of firm Y is considered a__________.a. resource cost; transferb. fixed cost; sunk costc. market environmental cost; standardscostd. transfer; resource coste. none of the aboveANSWER:dPOINTS:1DIFFICULTY:Moderate
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NATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Markets, market failure, a - DISC:Markets, market failure, and externalitiesKEYWORDS:Bloom's: Application153. A good is rivalrous in consumption ifa. its consumption by one person reduces its consumption by others.b. it can be used to satisfy many needs (as compared to just one need).c. it can be used to satisfy many wants (as compared to just onewant).d. its consumption by one person increases its consumption by others.e. a and cANSWER:aPOINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Markets, market failure, a - DISC:Markets, market failure, and externalitiesKEYWORDS:Bloom's: Comprehension154. A nonexcludable public good is characterized by nonrivalry ina. production and nonexcludability.b. consumption and rivalry in production.c. consumption and excludability.d. consumption and nonexcludability.e. none of the aboveANSWER:dPOINTS:1DIFFICULTY:ModerateNATIONAL STANDARDS:United States - BUSPROG: AnalyticLOCAL STANDARDS:United States - OH - Default City - DISC: Markets, market failure, a - DISC:Markets, market failure, and externalitiesKEYWORDS:Bloom's: Comprehension

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Term
Spring
Professor
BassamY.Yousif
Tags
Macroeconomics, Externality, STANDA United States
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Microeconomics
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Chapter 17 / Exercise 2
Microeconomics
Arnold
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