Question
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- From Economics: General-Economics
- Closed, but you can still post tutorials
- Due on Oct. 05, 2011
- Asked on Oct. 02, 2011 at 06:48:23AM
Q:
| 1. The many types of pollution do NOT include ________ pollution. (Points : 1) air price water sound |
| 2. The top 1% of families in the income distribution receive most of their income from ________ income. (Points : 1) labor property transfer profit |
| 3. The bottom fifth of families in the income distribution receive most of their income from ________ income. (Points : 1) labor property transfer gambling |
| 4. Air pollution generated by a steel mill is an example of (Points : 1) a positive production externality. a negative production externality. a public good. the free-rider problem. |
| 5. If the government levies a tax on a chemical company that created an external social cost, the tax should equal marginal ________ to ensure an efficient correction. (Points : 1) private cost social cost benefit damage cost |
| 6. All points along the utility possibilities frontier are ________ equally desirable. (Points : 1) inefficient but inefficient but may not be efficient and efficient but may not be |
| 7. The official poverty line in the United States is set ________ . (Points : 1) equal to one-half the average income in the United States at three times the cost of the Department of Agriculture's minimum food budget at three times the cost of the Department of Housing's minimum housing allowance at the amount necessary to allow an individual to buy the same market basket of goods that the average urban wage earner can afford |
| 8. The field of environmental economics is concerned with ________. (Points : 1) externalities public goods government inefficiency economies of scale |
| 9. Wealth or net worth is equal to (Points : 1) assets plus liabilities. assets minus liabilities. consumption plus changes in net worth. income minus savings. |
| 10. The least inefficient taxation system is a tax system that (Points : 1) is highly progressive. minimizes the overall excess burden. minimizes the total tax burden. maximizes tax revenues. |
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answers to all the 10 questions
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- Posted on Oct. 02, 2011 at 07:34:07AM
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Preview: ... .
5. Benefit
6. efficient but may not be
7. at thre ...
The full tutorial is about 34 words long .
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- Posted on Oct. 07, 2011 at 02:08:08AM
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Preview: ... : 1) ans: at the amount necessary to allow an individual to buy the same market basket of goods that the average urban wage e ...
The full tutorial is about 116 words long .