Homework Answers
The principle that the government is limited by the rule of law serves as the main benefit of a constitutional government as under constitutional government the role, structure and power of different modules of the state and citizen’s basic rights are defined and hence the correct option is option “b”.
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2. Which of the following is the main benefit ofa constitutional government? a. The government must...
Which of the following is most likely to contribute to economic growth? Group of answer choices...
Which of the following is most likely to contribute to economic growth? Group of answer choices Flexible property rights that allow the government to seize resources easily for public use. Highly variable inflation rates A stable, predictable legal system (i.e., rule of law) Trade barriers that keep foreign goods and services out of the country
To maximize social welfare, which of the following must always be TRUE? A) marginal social benefit...
To maximize social welfare, which of the following must always be TRUE? A) marginal social benefit equals marginal social cost B) marginal private benefit equals marginal social cost C) marginal social benefit equals marginal private cost D) marginal private benefit equals marginal private cost
26. what environmental problem arises from common property resources? a. negative externality. b. overexploitation. c. government...
26. what environmental problem arises from common property resources? a. negative externality. b. overexploitation. c. government failure. d. high transaction cost. 27. Externalities are a. exports. b. illegal businesses. c. prisoners on work release d. costs or benefits not reflected in market prices. 29. The efficient quantity of a public good is that for which marginal social cost equals a. marginal private cost. b. marginal external cost. c. average social cost. d. marginal social benefit. 30. Which of the following...
7. How can cost benefit analysis help explain why people are more likely to overeat at...
7. How can cost benefit analysis help explain why people are more likely to overeat at all you can eat buffets than at restaurants where we pay for extra portions? a. At all-you-can-eat buffets, the food always tastes better, so people eat more. b. The marginal cost of additional food is lower at all-you-can-eat buffets since they don't charge for a second helping of food. c. Marginal benefit is always less than marginal cost for food at all-you-can-eat buffet d....
Which of the following events can cause an hyperinflation? Select one: O a. The government reduces...
Which of the following events can cause an hyperinflation? Select one: O a. The government reduces corporate taxes to help economic growth b. The government significantly raises interest rates O c. An increase in the cost of gasoline by 10% o d. The government increases minimum wage to account for the rising cost of living e. The government prints twice as much money to pay for the national debt
Which of the following statements is TRUE of a cost-benefit analysis of a potential government project?...
Which of the following statements is TRUE of a cost-benefit analysis of a potential government project? a. Neither asset value increases to the property owners nor income increases to the property owners should be counted. b. Future costs and benefits should be discounted to present values before being compared. C. The net increase in jobs in a community is a benefit d. Both asset value increases to the property owners and income increases to the property owners should be counted....
5. A government wants to enact a policy that will lead to a reduction in pollution...
5. A government wants to enact a policy that will lead to a reduction in pollution emissions. One policy entails establishing an emissions standard; another policy encails implementing an emissions tax. Which of the following statements is true? I. An emissions standard and an emissions tax are equally efficient methods for re- ducing pollution emissions. equal for all sources of pollution. equal for all sources of pollution. IL. An emissions standard ensures that the marginal social benefit of pollution is...
8. When deciding what to tax, which of the following is true of the government if it wishes to know who will be paying t...
8. When deciding what to tax, which of the following is true of the government if it wishes to know who will be paying the tax? a. It must know the demand of the good or service. b. It must understand the supply of the good. c. It must know the price elasticities of demand and supply. d. It must know the income elasticity of demand. 9. The best example of two complementary goods is _____ and _______. a. a...
Understanding 13.2 Check Your Which of the following is inc incorrect regarding the hospice benefit benefit,must...
Understanding 13.2 Check Your Which of the following is inc incorrect regarding the hospice benefit benefit,must d hThe patient's within six months for the care delivered to be coved under the medications related to the terminal ilnes and relaed coendiionse des inadequate documentation at the time of election of the benefi 1. The patient must die six vered under the benefit. Risk of fraud includes inadequae Hospice care may be provided within h vided within hospitals and nursing facilities llowing...
Which of the following is not a strength of the market system? A. Equity B. Profit...
Which of the following is not a strength of the market system? A. Equity B. Profit C. Efficiency D. Equality E. Social Welfare Which of the following is a method by which countries can answer the three economic questions (what, how and for whom to produce?) SELECT ALL THAT APPLY A. The Market System: Demand and Supply B. Fairness C. The Government D. Profit E. The Price System F. How these questions were answered in the past G. All of...
7. How can cost benefit analysis help explain why people are more likely to overeat at all you can eat buffets than at restaurants where we pay for extra portions? a. At all-you-can-eat buffets, the food always tastes better, so people eat more. b. The marginal cost of additional food is lower at all-you-can-eat buffets since they don't charge for a second helping of food. c. Marginal benefit is always less than marginal cost for food at all-you-can-eat buffet d....
Which of the following events can cause an hyperinflation? Select one: O a. The government reduces corporate taxes to help economic growth b. The government significantly raises interest rates O c. An increase in the cost of gasoline by 10% o d. The government increases minimum wage to account for the rising cost of living e. The government prints twice as much money to pay for the national debt
Which of the following statements is TRUE of a cost-benefit analysis of a potential government project? a. Neither asset value increases to the property owners nor income increases to the property owners should be counted. b. Future costs and benefits should be discounted to present values before being compared. C. The net increase in jobs in a community is a benefit d. Both asset value increases to the property owners and income increases to the property owners should be counted....
5. A government wants to enact a policy that will lead to a reduction in pollution emissions. One policy entails establishing an emissions standard; another policy encails implementing an emissions tax. Which of the following statements is true? I. An emissions standard and an emissions tax are equally efficient methods for re- ducing pollution emissions. equal for all sources of pollution. equal for all sources of pollution. IL. An emissions standard ensures that the marginal social benefit of pollution is...
Understanding 13.2 Check Your Which of the following is inc incorrect regarding the hospice benefit benefit,must d hThe patient's within six months for the care delivered to be coved under the medications related to the terminal ilnes and relaed coendiionse des inadequate documentation at the time of election of the benefi 1. The patient must die six vered under the benefit. Risk of fraud includes inadequae Hospice care may be provided within h vided within hospitals and nursing facilities llowing...
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