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- Using the textbook definition of the environment, which of the following is an example of an environmental concern? O a. Kelsy is concerned about the release of arsenic into the local river from the process of refining gold. O b. O c. Pat is concerned that the cream she just put in her coffee is past its expiry date. Ali is concerned about how few people shop at the local farmer's market. O d. Kelsy is concerned that the local park is not able to filter out the naturally occurring arsenic from the water used in the comfort stations.502 The market for education confers positive externalities on society. Which of the following is an example of a positive externality that it provides? Higher quality of public institutions like government and law Subsidies for providing education Higher salary for the person earning a degree More colleges and universities X OOOO W F2 3 16 80 F3 E 888 FA R DE F % V T MacBook Air 6 Y B & 7 H tv NA 2 N 8 K M 0 W Aa zoom 0
- Suppose electricity generates a negative externality in production If so, then A. the marginal social cost of electricity is less than the marginal private cost . B. the marginal social cost of electricity equals the marginal private cost . C. the marginal social benefit of electricity is less than the marginal private benefit . D. the marginal social cost of electricity equals the marginal social benefit. E. the marginal social cost of electricity is greater than the marginal private cost.4. The advantages of command-and-control environmental regulations used in the 1970's include: a. the provision of incentives to go beyond prescribed limits b. great flexibility in how and where to make pollution reductions c. proven success in reducing levels of pollution d. all of the above 6. With regard to international environmental issues, the Openstax text argues that: a. high income countries should use their superior economic position to force low income countries to reduce pollution b. climate change is too important of an issue to leave it to a market-oriented approach for a solution c. the practical details of an international solution are forbiddingly complex d. all of the above 7. According to the Openstax text: a. Increased environmental protection reduces economic output b. Environmental protection measures usually enhance economic output c. Increased environmental protection only reduces economic output in poorer countries d. Environmental protection measures only…what dies it mean if a good is rival
- When positive externalities are present in the consumption of a good, the marginal social benefit Apabila kesan luaran positif wujud dalam penggunaan sesuatu barang, faedah sosial marginal adalah a. equals the marginal cost of producing the good plus the marginal cost to third parties sama dengan kos marginal untuk menghasilkan barang ditambah kos marginal kepada pihak ketiga b. equals the marginal benefit received by consumers of the good plus the marginal benefit to third parties sama dengan faedah marginal yang diterima oleh pengguna bagi barang tersebut ditambah faedah marginal kepada pihak ketiga c. could be either greater than or less than the marginal benefit received by consumers of the good depending on the equilibrium price determined in competitive markets. lebih atau kurang daripada faedah marginal yang diterima oleh pengguna barangan bergantung pada harga keseimbangan yang ditentukan dalam pasaran persaingan sempurna d. equals the marginal benefit received by consumers of…What type of market failure would you categorize marine pollution? b. Suggest a relevant Government policy that would yeild the efficient outcome and explain the process through which the implementation of the policy will lead to optimal out come. c. How will the imposition of the chosen government policy impact consumer surplus, producer surplus and total surplus as it relates to marine pollution.No chatgpt answer
- 38. Negative externalities are also called a. positive externalities. b. external benefits. c. external costs. d. all of the above. e.. none of the above. 39 Which of the following is a way governments have tried to deal with negative externalities? a. Governments can impose pollution taxes or green taxes. b. Governments can require specific pollution reduction technologies be used. c. Governments can use a cap and trade system with marketable emissions rights. d. all of the above. e. none of the above.When economists say that one of the characteristics of a Public Good is that it is “non-excludable”, they mean: Select one: a. that the government makes the good widely available to virtually anyone in the economy. b. the good’s price is so low that virtually anyone can afford it. c. that once the good is supplied, it is difficult to prevent those who do not pay for it from consuming the good. d. that once a unit of the good is provided, it can be jointly consumed by more than one consumer at the same time.If a market has no externalities, the marginal private costs Jika kesan luaran tidak berlaku dalam sesuatu pasaran, maka kos sendirian marginal a. exceed marginal social costs melebihi kos sosial marginal b. are equal to marginal social costs adalah sama dengan kos sosial marginal are below marginal social costs kurang dari kos sosial marginal d. intersect marginal social costs C.