37.Tragedy of the Commons: There are 400 bonus points available on this exam. Please choose how many you would like to take out of the pool. However, if the total number of bonus points requested exceeds the size of the pool, no one will receive any bonus points. а. О points b. 1 point с. 2 points d. 3 points е. 4 points
37.Tragedy of the Commons: There are 400 bonus points available on this exam. Please choose how many you would like to take out of the pool. However, if the total number of bonus points requested exceeds the size of the pool, no one will receive any bonus points. а. О points b. 1 point с. 2 points d. 3 points е. 4 points
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:37.Tragedy of the Commons: There are 400 bonus points available on this
exam. Please choose how many you would like to take out of the pool.
However, if the total number of bonus points requested exceeds the
size of the pool, no one will receive any bonus points.
а. О points
b. 1 point
с. 2 рpoints
d. 3 points
е. 4 points
38. Recent research has found evidence of current discrimination in hiring
practices – individuals with ethnic names are called back for job
interviews far less frequently even though they have identical resumes.
This is evidence of:
a. Firm-based preferences, because firms are the ones doing the
discrimination
b. Firm-based preferences, because firms can get higher quality labor
if they discriminate
Consumer-based preferences, because biased firms would face
higher costs and be driven out of the market
C.
d. None of these
39. New economics PhDs get paid more if they work in a business school
instead of a traditional economics department. Which of the following
helps explain this?
a. Skill-biased technical change
b. Unskilled-biased technical change
c. Compensating differentials
d. The economics of superstars
e. None of these
40. In exchange for bailing out Greece, Germany has demanded that Greece
enact certain policies that would restrict its government from spending
money in the future. By doing so, Germany is hoping to avoid
a. Both moral hazard and adverse selection
b. Neither moral hazard nor adverse selection
c. Adverse selection, but not moral hazard
d. Moral hazard, but not adverse selection
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