Econ 213 quiz 5 - Study guides, Class notes & Summaries

ECON 213 (Principles of Microeconomics) – Quiz Five Foundations of Economics – 30 out of 30 points Questions 1. Actions and activities are discouraged with which type of incentive? 2. In economics, choices are necessary because of the presence of: 3. What is the indirect incentive in the unemployment insurance program? 4. The government controls for many indirect incentives in safety net social program by: 5. Economists believe that optimal decisions are made up to the point where: 6....

Liberty University ECON 213 Quiz 7 · Question 1 2 out of 2 points A carbon tax would be an efficient method of addressing the problem of global warming because: · Question 2 0 out of 2 points When a negative externality is not internalized, then the equilibrium price of the good produced is too __________ and the equilibrium quantity produced is too __________. · Question 3 2 out of 2 points The government identifies a situation where production of a good is generating a negative ...