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Externalities arealways positivealways negativesometimes negative and sometimes

Externalities arealways positivealways negativesometimes negative and sometimes positiveFlag this QuestionQuestion 21ptsIn the case of negative externalities, social costs are ____________ internal costs.greater thanless thanequal tosometimes greater and sometimes less thanFlag this QuestionQuestion 31ptsWhich of the following is NOT a solution to correct for negative externalities?taxeschargesregulationssubsidiesFlag this QuestionQuestion 41ptsPublic goods are ___________ in the

market.overproducedunderproducedproduced efficientlyFlag this QuestionQuestion 51ptsWhich of the following is NOT an example of a public good?street performersnational defensenational parkslighthousesFlag this QuestionQuestion 61ptsThe Coase theorem suggests private solutions to externalities would not be possible ifthe number of parties involved is smallthe number of parties involves is largethere are barriers to negotiationsNone of above answers are true.Flag this QuestionQuestion 71ptsWhere there are established, well-defined private property rights, externalities will beless prevalentmore prevalentnot dependent on private property rightsFlag this

QuestionQuestion 81ptsWhich of the following is NOT an example of a private good?pizzawatchesautomobilessatellite televisionFlag this QuestionQuestion 91ptsThe chapter discusses how cost-benefit analysis is used to determine whether the benefits of providing a ______________ outweigh the costs.common-resource goodprivate goodpublic goodclub goodFlag this QuestionQuestion 101ptsCopyright laws make the digital music you buyrival and excludablenonrival and nonexcludablerival and nonexcludablenonrival and excludableFlag this QuestionQuestion 111ptsA common solution to the free-rider problem isfor government to subsidize consumption of the goodfor government to provide the good and then pay for its production through taxationfor government to provide vouchers to consumers of the goodNone of these are true

.Flag this QuestionQuestion 121ptsAn example of the tragedy of the commons would bethe collapse of wild fish populations due to overfishingair quality degradation due to pollutionthe overgrazing of common pastures shared by herders in pastoral communitiesAll of these answers are examples of the tragedy of commons.Flag this QuestionQuestion 131ptsFor which type of good does the textbook describe the use of cost-benefit analysis?private goodsclub goodspublic goodsall goods that are excludable

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