ECO 405 Week 4 Quiz 3 Strayer For a tax on pollution to be effective, it must be Answer Question 2 4 out of 4 points Another term for implicit cost is Answer Question 3 0 out of 4 points Which of the following is a factor leading to pollution? Answer Question 4 0 out of 4 points Requiring automobiles to pass emissions tests before being allowed on the road is an example of a(n) Answer Question 5 4 out of 4 points The level of pollution increases when Answer Question 6 0 out of 4 points The efficient level of pollution is zero only if the Answer Question 7 4 out of 4 points Marginal private cost (MPC) always includes: Answer Question 8 4 out of 4 points Costs incurred by the producer to buy or hire resources are called Answer Question 9 4 out of 4 points Complete elimination of pollution is economically rational when Answer Question 10 0 out of 4 points If a pollution tax is placed on a firm emitting pollution, the firm will treat pollution, rather than pay the tax, as long as the tax is Answer Question 11 4 out of 4 points Human production processes do not include which of the following services? Answer Question 12 4 out of 4 points Which of the following creates a positive externality in production? Answer Question 13 4 out of 4 points Pollution rights markets Answer Question 14 4 out of 4 points When the marginal private benefit of an activity does not equal the marginal social benefit, which of the following exists? Answer Question 15 4 out of 4 points When the marginal private cost of an activity does not equal the marginal social cost, which of the following exists? Answer Question 16 4 out of 4 points If you are willing to take a pay cut to live near a ski resort, the ski resort provides you with Answer Question 17 4 out of 4 points If a law is passed making it illegal for unlicensed barbers to cut hair, which of the following will result? Answer Question 18 4 out of 4 points When an individual receives benefits from a business endeavor in the form of personal satisfaction, the benefits are known as Answer Question 19 4 out of 4 points The marginal cost of a good is Answer Question 20 4 out of 4 points Government can effectively remedy the free-rider problem by Answer Question 21 4 out of 4 points Police officers should be hired up to the point where Answer Question 22 4 out of 4 points An additional expenditure on crime prevention should be allocated to the activity where Answer Question 23 4 out of 4 points Which of the following exists when an individual consumes benefits from a public good but does not pay for its cost? Answer Question 24 4 out of 4 points Which of the following decreases a person’s implicit cost of engaging in the illegal production of marijuana? Answer Question 25 4 out of 4 points Economics explains the decision to participate in criminal activities most often in the case of Answer Question 26 4 out of 4 points Economic analysis of crime can Answer Question 27 4 out of 4 points From an economic point of view, crime prevention activities should be expanded to the point at which Answer Question 28 4 out of 4 points A group project has been assigned and most of the work ends up being produced by only one or two of the group’s members. This is an example of Answer Question 29 4 out of 4 points Arson is an example of a(n) Answer Question 30 4 out of 4 points Prostitution is an example of a(n) Answer
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