CIS 175 WEEK 4 QUIZ 3
This quiz consist of 30 multiple choice questions. The first 15
questions cover the material in Chapter 4. The second 15 questions
cover the material in Chapter 5.
1.
The level of
pollution increases when
2.
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
3.
If all benefits
from consuming a good go to consumers, the demand curve is the same as the
4.
The market
output level tends to be socially optimal when
5.
Another term for
implicit cost is
6.
Marginal private
cost (MPC) always includes:
7.
Which of the
following is a factor leading to pollution?
8.
When MPC is less
than MSC,
9.
When the cost of
an action falls on other than the person (or persons) responsible for the
action, which of the following exists?
10.
For a tax on
pollution to be effective, it must be
11.
As additional
units of pollution control are added, at some point each additional unit adds
12.
Which of the
following approaches would an economist propose to address industrial pollution
of a river?
13. Pollution rights
markets
14.
When a benefit
of an action falls on other than the person (or persons) responsible for the
action, which of the following exists?
15.
The optimal
level of pollution control occurs when
16.
When an
individual incurs costs in the form of negative personal satisfaction, the
costs are
17. 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
18.
Job training
programs, remedial education courses, and recreational activities might lead to
reduced crime rates in depressed areas by
19.
If a law is
passed making it illegal for unlicensed barbers to cut hair, which of the
following will result?
20.
Which of the
following exists when an individual consumes benefits from a public good but
does not pay for its cost?
21.
If you are
willing to take a pay cut to live near a ski resort, the ski resort provides
you with
22.
Which of the
following goods or services is a public good?
23.
In any city with
a given crime prevention budget, additional suppression of prostitution
24.
Government can
effectively remedy the free-rider problem by
25.
From an economic
point of view, crime prevention activities should be expanded to the point at
which
26.
When an
individual receives benefits from a business endeavor in the form of personal
satisfaction, the benefits are known as
27.
Police officers
should be hired up to the point where
28.
Some people give
up high-paying city jobs to live much simpler, rural lives. Which of the
following is a sound economic explanation for this?
29. Economic analysis of
crime can
30.
Economics
explains the decision to participate in criminal activities most often in the
case of
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