Reference no: EM13986928
1. Excludability matters because it:
a. creates a perceived scarcity that allows the seller to keep the price artificially high.
b. allows consumers to control the price of a good.
c. creates a perceived scarcity that causes buyers to have an inelastic demand for the good.
d. allows owners to set an enforceable price on a good.
2. Any tax on a good can:
a. All of these are true.
b. discourage production of the good.
c. discourage consumption of the good.
d. create a new source of public revenue.
3. The federal debt is ____________ and the federal deficit is ______________.
a. None of these statements is true.
b. the cumulative total of what the federal government owes; the amount the federal government overspent in a given year
c. the total of what is projected to be spent in a given year; the total of what is projected to be earned in revenues in a given year
4. Any cost that is imposed without compensation on someone other than the person who caused it is called:
a. network cost.
b. private cost.
c. external cost.
d. social cost.
5. Correcting a market with an externality through taxation is _________ correcting it through a quota.
a. Any of these statements could be true depending on whether the tax is imposed on the buyer or seller.
b. just as efficient as
c. less efficient than
d. more efficient than
6. Calculate tax revenue:
a. divide total revenues by the tax per unit.
b. multiply the tax per unit by the number of units of the item being taxed.
c. None of these will calculate tax revenue.
d. multiply total revenues by the tax per unit.
|
Ability to invest regulated in different ways
: Should "at-risk" investors have their ability to invest regulated in different ways than expert investors? Argue that all investors should have the same rights and protections. Then make the contrary argument using Frederick and Hoffman
|
|
Examples of specific marketing attempts targeted
: Marketers of entrenched brands like Nike, Pepsi, and Levi Strauss are tearing their hair out over Gen Y consumers. Image-building campaigns (e.g., 50 Cent endorsing Reebok) are not as effective as they once were. What advice would you give to a marke..
|
|
Analysis of problems in the aggregation of markets
: To get you started concentrate on two distinct chapters in the Schiller textbook. See chapter 4 for an analysis of the problems of individual markets. See chapter 10 for an analysis of problems in the aggregation of markets. Identify and summarize th..
|
|
State your purpose vision and mission statements
: State your purpose, vision, and mission statements. Discuss how the prominent early childhood theories (at least two) drive your administration, curriculum, instruction, and assessment
|
|
Calculate tax revenue and excludability matters
: Excludability matters because it: Any cost that is imposed without compensation on someone other than the person who caused it is called: Correcting a market with an externality through taxation is _________ correcting it through a quota. Calculate t..
|
|
If someone appears to be violating the consistency principle
: Aristotle wrote in the Nicomachean Ethics that ethical virtues are what? "If someone appears to be violating the consistency principle, then the burden of proof is on that person to show he or she is in fact not violating the principle." What fallacy..
|
|
What should be the mass of object
: What should be the mass of object B? The numbers in the figure indicate the relative lengths of the rods on each side of their supporting cords.
|
|
What is the inductive fallacy of hasty generalization
: What is the inductive "fallacy of hasty generalization"? What does "attacking the analogy" mean? What is the difference between an explanation and an argument?
|
|
Explain kant second formulation of categorical imperative
: Explain Kant's second formulation of the categorical imperative? Offer three examples of how one could violate it. Is it ethical to ask an employee to work somewhere dangerous
|