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Arizona State University *

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3200

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Economics

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Jan 9, 2024

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pdf

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3

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12/14/23, 7:02 PM ssi.agilixbuzz.com/student/200011342/gradebook/grade-details/c46f1326ac554a23abb8f7794d678585?hideItemLink=false https://ssi.agilixbuzz.com/student/200011342/gradebook/grade-details/c46f1326ac554a23abb8f7794d678585?hideItemLink=false 1/3 Externalities Quiz Student: Canakapalli, Nityasiri Course: Economics Honors (FA23) AZ 1 - 2023-2024 Questions 1. A factory that dumps waste into a town's water supply is an example of a _____ externality. Correct postive real negative none of the above / 1 1 Points 2. We do not expect government to play a role in correcting market failures like pollution and second- hand smoke. Correct True False / 1 1 Points
12/14/23, 7:02 PM ssi.agilixbuzz.com/student/200011342/gradebook/grade-details/c46f1326ac554a23abb8f7794d678585?hideItemLink=false https://ssi.agilixbuzz.com/student/200011342/gradebook/grade-details/c46f1326ac554a23abb8f7794d678585?hideItemLink=false 2/3 3. An externality in which a third party bears a cost is referred to as a ______ externality. Correct negative positive real None of the above / 1 1 Points 4. The overproduction or underproduction of some goods and services due to producers and/or consumers not having to bear the full costs is a kind of Correct market conundrum. market failure. market malaise. market defeat. / 1 1 Points
12/14/23, 7:02 PM ssi.agilixbuzz.com/student/200011342/gradebook/grade-details/c46f1326ac554a23abb8f7794d678585?hideItemLink=false https://ssi.agilixbuzz.com/student/200011342/gradebook/grade-details/c46f1326ac554a23abb8f7794d678585?hideItemLink=false 3/3 5. When a neighbor pays for landscaping services and creates beautiful scene for you to enjoy, that is an example of a _____ externality. Correct real positive negative none of the above / 1 1 Points
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