哈伯德英文版微观经济学练习c05

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1、Microeconomics-Testbank1(Hubbard/O'Brien)Chapter5Exernalities,EnvironmentalPolicy,andPublicGoods1)Anexternalityis:A)abenefitrealizedbythepurchaserofagoodorservice.B)acostpaidforbytheproducerofagoodorservice.C)abenefitorcostfeltbysomeonewhoisnotaproducero

2、rconsumerofagoodorservice.D)anythingthatisexternalornotrelevanttotheproductionofagoodorservice.2)Ifyourneighborburnsautotiresintheyardandyoucansmellthemandcannotseesunlightbecauseoftheblacksmoke,youareexperiencing:A)apositiveexternality.B)anegativeextern

3、ality.C)aprivatecost.D)aprivatebenefit.3)Externalities:A)shouldbebanned.B)shouldbesubsidized.C)caneitherbepositiveornegative.D)arewhattheprivateconsumerandproducerinanexchangerealize.4)Ifyoubuyasweatertokeepyouwarminthewinter,youareexperiencinga:A)privat

4、ebenefit.B)externalbenefit.C)socialcostbecauseitcostyousomemoney.D)lossofconsumersurplus.5)Ifanegativeexrternalitiyexistsinreality,itwillbeexperiencedby:A)somepeoplenotdirectlyinvolvedintheproductionorconsumptionofthegoodorservice.B)theproducerofthegoodo

5、rservice.C)theconsumersofthegoodorservice.D)thegovernment.6)Anexampleofapositiveexternalitywouldbe:A)cleaningupthesidewalkonyourblock.B)graduatingfromcollege.C)repaintingthehouseyoulivein.D)alloftheabove.7)Whichofthefollowingiscorrect?A)Privatecostequals

6、externalcost.B)Privatebenefitplusexternalbenefitequalssocialbenefit.C)Externalcostminusprivatecostequalssocialcost.D)Privatebenefitequalsexternalbenefitminussocialbenefit.8)Whymightevenwell-meaningproducersinamarketeconomypollute?A)Toavoidtheexternalcost

7、sofproductionB)Bypolluting,supplyisreducedandmarketpriceincreases.C)Pollutingproducersarebeingirrational.D)Thereisnogoodreasonwhysomeproducerspollute.9)Ifthereispollutioninproducingagoodandservice,then:A)equilibriumpriceistoohighandequilibriumquantityist

8、oolow.B)equilibriumpriceandequilibriumquantityaretoolow.C)equilibriumpriceandequilibriumquantityaretoohigh.D)equilibriumpriceistoolowandequilibriumquantityistoohigh.10)Becauseproducersdonotbeartheexternalcostofpollution:A)