Which is the another term for implicit cost

Question

Questions:

Question 1
For a tax on pollution to be effective, it must be

Question 2
Another term for implicit cost is

Question 3
Which of the following is a factor leading to pollution?

Question 4
Requiring automobiles to pass emissions tests before being allowed on the road is an example of a(n)

Question 5
The level of pollution increases when

Question 6
The efficient level of pollution is zero only if the

Question 7
Marginal private cost (MPC) always includes:

Question 8
Costs incurred by the producer to buy or hire resources are called

Question 9
Complete elimination of pollution is economically rational when

Question 10
If a pollution tax is placed on a firm emitting pollution, the firm will treat pollution, rather than pay the tax, as long as the tax is

Question 11
Human production processes do not include which of the following services?

Question 12
Which of the following creates a positive externality in production?

Question 13
Pollution rights markets

Question 14
When the marginal private benefit of an activity does not equal the marginal social benefit, which of the following exists?

Question 15
When the marginal private cost of an activity does not equal the marginal social cost, which of the following exists?

Question 16
If you are willing to take a pay cut to live near a ski resort, the ski resort provides you with

Question 17
If a law is passed making it illegal for unlicensed barbers to cut hair, which of the following will result?

Question 18
When an individual receives benefits from a business endeavor in the form of personal satisfaction, the benefits are known as

Question 19
The marginal cost of a good is

Question 20
Government can effectively remedy the free-rider problem by

Question 21
Police officers should be hired up to the point where

Question 22
An additional expenditure on crime prevention should be allocated to the activity where

Question 23
Which of the following exists when an individual consumes benefits from a public good but does not pay for its cost?

Question 24
Which of the following decreases a person's implicit cost of engaging in the illegal production of marijuana?

Question 25
Economics explains the decision to participate in criminal activities most often in the case of

Question 26
Economic analysis of crime can

Question 27
From an economic point of view, crime prevention activities should be expanded to the point at which

Question 28
A group project has been assigned and most of the work ends up being produced by only one or two of the group's members. This is an example of

Question 29
Arson is an example of a(n)

Question 30
Prostitution is an example of a(n)