Preview Quiz Chapter 12__ ECON-2302-010

pdf

School

Palo Alto College *

*We aren’t endorsed by this school

Course

2302

Subject

Economics

Date

Feb 20, 2024

Type

pdf

Pages

6

Uploaded by JudgeSnow4927

Report
11/9/22, 8:51 PM Preview Quiz Chapter 12*: ECON-2302-010 https://alamo.instructure.com/courses/1453321/quizzes/3504972 1/6 Preview Quiz Chapter 12* Due Nov 13 at 11:49pm Points 10 Questions 10 Available Nov 7 at 12am - Dec 4 at 11:59pm Time Limit 15 Minutes Allowed Attempts 2 Instructions Attempt History Attempt Time Score LATEST Attempt 1 3 minutes 10 out of 10 Answers will be shown after your last attempt Score for this attempt: 10 out of 10 Submitted Nov 9 at 8:51pm This attempt took 3 minutes. Read Chapter 12 and complete this quiz. Take the Quiz Again 1 / 1 pts Question 1 ____________________ describes a situation where a third party, outside the transaction, suffers from a market transaction by others. Positive externality A spillover A market failure Negative externality
11/9/22, 8:51 PM Preview Quiz Chapter 12*: ECON-2302-010 https://alamo.instructure.com/courses/1453321/quizzes/3504972 2/6 1 / 1 pts Question 2 _______________ include both the private costs incurred by firms and also costs incurred by third parties outside the production process. Private costs Social costs External costs Market costs 1 / 1 pts Question 3 A pollution charge is a form of tax imposed on pollution control technologies. every economy in the world. low-income market-orientated industries. the quantity of pollution that a firm emits. 1 / 1 pts Question 4
11/9/22, 8:51 PM Preview Quiz Chapter 12*: ECON-2302-010 https://alamo.instructure.com/courses/1453321/quizzes/3504972 3/6 Which of the following have historically been more willing to sacrifice their environmental quality for some additional economic output? high-income, market-oriented economies low incomes and command economies European Union the United States 1 / 1 pts Question 5 Why would a typical U.S. business fail to take the social costs of pollution into consideration during the development of their operating strategies? it is following the principle of voluntary exchange of benefits government regulated the limits for how much pollutant can be emitted it isn't required to pay any of the cost of cleaning up its pollution the range of flexible, market-oriented pollution control policies are flawed 1 / 1 pts Question 6 Which of the following is viewed as a fundamental building block of the U.S. economic way of thinking?
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
11/9/22, 8:51 PM Preview Quiz Chapter 12*: ECON-2302-010 https://alamo.instructure.com/courses/1453321/quizzes/3504972 4/6 the principle of setting high toxic emission limits to preserve a healthy environment the needs of both parties to a voluntary exchange must be completely satisfied the belief that industry must be allowed to prevail over the environment the principle that a system of voluntary exchange benefits both parties 1 / 1 pts Question 7 While the U.S. command-and-control environmental regulations initiated in the 1970s have been very effective at reducing pollution, some economists have difficulty with the legislation because it usually requires different standards for all current and potential polluters. it often requires different pollution-control technology for each polluter. it is not subject to compromises in the political process and all of the above. it is full of fine print and exceptions, and costly for some firms to comply with.
11/9/22, 8:51 PM Preview Quiz Chapter 12*: ECON-2302-010 https://alamo.instructure.com/courses/1453321/quizzes/3504972 5/6 1 / 1 pts Question 8 The objective of imposing a higher pollution tax is to provide adequate incentive for firms to reduce their emissions by more. provide incentive for firms to maintain regulation emission levels. ensure firms have pollution charge credits for all reduced emissions. ensure firms must pay the pollution charge for all reduced emissions. 1 / 1 pts Question 9 Certain schools of economic thought suggest that a _____________ would reduce pollution in a __________________, when compared to command-and-control regulation. marketable permit; less flexible manner pollution tax; less cost effective, but flexible way marketable permit; less cost-effective way pollution tax; flexible, more cost-effective way 1 / 1 pts Question 10 A beekeeper decides to locate her business on a plot of land that is between an apple orchard and an elementary school. A negative
11/9/22, 8:51 PM Preview Quiz Chapter 12*: ECON-2302-010 https://alamo.instructure.com/courses/1453321/quizzes/3504972 6/6 externality that can result is the bees helping to pollinate the orchard, leading to more fruit. the cost of the bee hives to the beekeeper. the honey the bees produce. the possibility of the bees stinging the students at the school. Quiz Score: 10 out of 10
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help

Related Documents

Review Quiz Chapter 14__ ECON-2302-010.pdf
Preview Quiz Chapter 13__ ECON-2302-010.pdf
Review Quiz Chapter 13__ ECON-2302-010.pdf
Review Quiz Chapter 15__ ECON-2302-010.pdf
Preview Quiz Chapter 16__ ECON-2302-010.pdf
Preview Quiz Chapter 14__ ECON-2302-010.pdf
Review Quiz Chapter 12__ ECON-2302-010.pdf
final_practice_solutions.pdf
Labor Relations (1).docx
Econ 140 Fall 2023 Midterm Review Solutions - Tagged (1).pdf
Order-6821204edited (1).docx
UNIT 6 DB LAW 205.docx
Recommended textbooks for you
Text book image
Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning
Text book image
Microeconomics: Principles & Policy
Economics
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Microeconomic Theory
Economics
ISBN:9781337517942
Author:NICHOLSON
Publisher:Cengage
Text book image
Microeconomics A Contemporary Intro
Economics
ISBN:9781285635101
Author:MCEACHERN
Publisher:Cengage
Text book image
Micro Economics For Today
Economics
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Cengage,
SEE MORE TEXTBOOKS
Recommended textbooks for you
Text book image
Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning
Text book image
Microeconomics: Principles & Policy
Economics
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Microeconomic Theory
Economics
ISBN:9781337517942
Author:NICHOLSON
Publisher:Cengage
Text book image
Microeconomics A Contemporary Intro
Economics
ISBN:9781285635101
Author:MCEACHERN
Publisher:Cengage
Text book image
Micro Economics For Today
Economics
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Cengage,
SEE MORE TEXTBOOKS