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WorksheetsQuizzizz team 3 (^ * ^) /<3
Total questions: 13
Worksheet time: 7mins
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Externality is when a production or....... process of certain goods or services affects ( causes damages or brings benefits) to the objects directly or in directly involved in the transaction, but those impacts are not fully reflected in the costs or benefits from the social point of view.
consumption
contribution
solution
What are the types of externalities?
fundamental externality
negative externality
social externality
positive externality
What is the correct answer about market optimal output level:
Q1: MPC = MPB
Q1: MPC = MSC
Q1: MPB = MB
Q1: MSC = MB
What are the suitable strategies to cure the problem of market failure?
Making the market competitive
Internalizing the externalities
Providing economic agents with asymmetric information about the market
State intervention
Social welfare losses due to negative externalities are calculated by what area?
ABD
ABEF
ACBD
ABC
Is vaccination against COVID-19 with COVID-19 vaccine a positive or a negative externality?
Positive externality
Negative externality
When building a commercial center instead of being a park to bring beauty to the urban landscape and people passing by can enjoy its beauty, who will bear the negative externalities?
Insects
The people who living nearby
People who go shopping
Which of the following is an example of a positive externality?
Noise pollution caused by someone playing loud music in an apartment building leads to his neighbor having trouble sleeping
Diseases and symptoms that are harmful to health, such as type 2 diabetes and metabolic disorders caused by overuse of processed foods - because they lack fiber and have too much sugar
An industry company offers first aid classes to employees to increase safety in the workplace. As a result, the workers can give first aid and save the lives of others who are not working with the company
Overuse of antibiotics leads to antibiotic resistance
TRUE or FALSE
Positive externalities do not cause loss of social welfare.
True
False
How many characteristics do negative externalities and positive externalities both have?
3
4
5
6
Inefficient solutions in case of negative externalities are:
Providing free hand to market forces for production of all goods
Mergers between the pollution generating firm and the firm affected by the pollution
internalizing externality by imposing tax on pollution generating firm
All of the above
Which is not a market failure of a market economy related to externalities?
Climate change
Unemployment
Monopoly
Pay taxes
Vedan discharge into Thi Vai River is an environmental pollution case discovered by the Environmental Police Department - Ministry of Public Security of Vietnam in collaboration with the Ministry of Natural Resources and Environment of Vietnam on September 13, 2008 at Vedan Viet Company. This case is an example of a positive externality or a negative externality
Negative externality
Positive externality
