Question

Ten Principles of Economics: Algorithmic End of Chapter Graded Assignment | Read Chapter 11 Back to Assignment Due Tuesday 01.29.19 at 1100 Attempts: Score: 12 7. Problems and Applications Q7 about efficiency? Check all that apply. Which of the following government activities is motivated by a concern O Instituting laws against driving while intoxicated D Imposing higher personal income tax rates on people with higher incomes D Providing some poor people with vouchers that can be used to buy food O Regulating cable TV prices CO Prohibiting smoking ine □ Breaking up Standard an externality wned 90% of all oil refineries) into several smaller companies market power Driving while intoxicated creaters Y because of the increased ikelihood of accidents by drunk drivers.

Answer 1

Driving while intoxicated creates EXTERNALITY because of increased likelihood accidents by the drunk drivers. Guaranteeing everyone in the society the best health care would INCREASE efficiency because people would UNDERCONSUME healthcare. Paying laidoff workers unemployment benefits until they find a new job will likely INCREASE equality and INCREASE efficiency.