Reference no: EM1374987
Question1. A lawyer who drives a beat-up car and wears frumpy dresses may have a hard time getting customers. Potential clients may conclude from his appearance that he is poor, and if he is poor, he probably is not very good. If the above is true for a lawyer dressing in expensive and stylish clothing is a way of:
a) internalizing externalities.
b) changing a nonrival good into a rival good.
c) changing a nonexcludable good into an excludable good.
d) signaling quality.
Question2. A market for information is more likely to develop even in the absence of government regulation of information as long as the marginal:
a) cost of information is zero.
b) benefit of information is zero.
c) cost of information exceeds the marginal benefit.
d) benefit of information exceeds the marginal cost.
Question3. Opponents to government intervention argue that government makes decisions based upon
a) marginal social costs and marginal social benefits.
b) marginal political costs and marginal political benefits.
c) irrational choices.
d) total costs and total benefits
Question4. An effluent fee is an example of
a) voluntary approach to pollution.
b) direct regulation of pollution.
c) a tax incentive policy.
d) a market incentive policy.
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Objective costs and valid techniques based analysis
: When economists with different political views do cost or profit comparisons, they often reach different decisions. If their analysis is based on objective costs and valid techniques, why would not they reach similar decisions,
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Construct a legal tree of gates
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International trade between countries
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Hypothesis test
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Questions about economic policy
: A lawyer who drives a beat-up car and wears frumpy dresses may have a hard time getting customers. Potential clients may conclude from his appearance that he is poor, and if he is poor, he probably is not very good.
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Common macroeconomic indicators
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Explain terminologies of economics
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Identify economic concepts - comparative advantage
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Finalizing an international investment
: Economic and political stability are most important factors to be considered when finalizing an international investment.
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