Globale Microeconomics

Business

Quiz 18 :

Externalities, Open-Access, and Public Goods

Quiz 18 :

Externalities, Open-Access, and Public Goods

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If a production process creates positive externalities, a competitive market produces too few positive externalities because the producer
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B

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If a production process creates pollution, a competitive market produces excessive pollution because
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B

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If a production process generates pollution, then a competitive market will
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A

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In general, an externality is created when
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Students who talk loudly with each other in class
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Negative externalities are created when
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Positive externalities are created when
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You are having a party and one of your guests lights up a cigar without asking. Explain why this creates an externality.
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If a production process creates pollution, a competitive market produces excessive pollution because
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If a production process generates pollution, then a competitive market will produce more of the good than is socially optimal because
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Consider a housing development built near an existing airport. After the houses are occupied, homeowners complain that the airport imposes a negative externality on them and it should be moved or otherwise limited. Is the airport a negative externality?
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If children go to school and become productive members of society,
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Changing the price of a good will usually result in a negative externality.
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Which of the following statements about private and social costs is TRUE?
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The price of pie increases. Some people who purchased pie before the price increase no longer purchase pie. This is
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What is one reason drunk driving is held in such disrepute?
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Your new neighbor does not mow his lawn or prune the trees in his front yard. As a result, your house value decreases. Your neighbor generated
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In the presence of no externalities,
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The productivity of the employees of a bakery is reduced because of the excessive noise coming from a next door car repair shop. This is an example of
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A student that asks interesting questions during the lecture generates
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