pf part 2 chapter 2

pf part 2 chapter 2

2nd Grade

15 Qs

quiz-placeholder

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pf part 2 chapter 2

pf part 2 chapter 2

Assessment

Quiz

Business

2nd Grade

Hard

Created by

Yomna Ashraf Mohamed Elsaid Gadelhak

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the case of a negative externality, the social marginal cost will

A.Exceed the private marginal cost.

Be equal to private marginal cost

A.Fall short of private marginal cost.

A.Bear no significant relation to private marginal cost.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Each of the following provides incentives to reduce a negative externality except:

A.A merger with affected firms.

A.Subsidizing consumption of the good being produced.

A.Bargaining among firms.

A.Taxation of the externality.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3-An externality is defined as

A.An additional cost imposed by the government on producers.

A cost or benefit generated outside of the market transaction

A.An additional gain received by consumers from decisions made by the government.

The additional amount consumers have to pay to consume an additional amount of a good or service

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4-All the following sentences describe education except:

A.Public Good

A.Have characteristics of private goods

A.Have negative externality

A.Have widely ranging externality

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5-Exclusion is difficult to be applied on education

true

false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6-Marginal cost of educating additional student is…………

A.Zero

A.Not equal zero

A.Negative Value

A.Can’t be calculated

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7-Education is ……………. Up to a certain level because it have……………

A.Compulsory – Negative Externality

A.Compulsory – Positive Externality

A.Optional – Negative Externality

A.Optional – Positive Externality

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