QUESTION 1 Environmental degradation is an example similar to: O Overgrazing in the Town Common A congested toll road induced by too much traffic An uncongested non-toll road O ESSERE SESSERE 0 A public good *****

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QUESTION 1 Environmental degradation is an example similar to: O Overgrazing in the Town Common A congested toll road induced by too much traffic An uncongested non-toll road O ESSERE SESSERE 0 A public good ***** ... BEHEEEEEEE ROBERT QUESTION 2 sosidades The benefits of suspending payroll taxes are: The worker has to be employed. Workers will experience a pay raise of 7.5% The cost of hiring will fall by 7.5% per worker Al of the above Question Completion Status: QUESTION 3 The problem with the Poverty Line shown in Mankiw, Fig 2, is that: O It accounts mainly for in-kind transfers. Bases poverty threshold mainly on money income. It excludes a large number of transfers. O It excludes earned income. QUESTION 4 In the U.S., after subtracting taxes paid by the top-quintile while adding net transfers received by the bottom quintile the income ratio of the top to the bottom quintile is: 17 to 1. O 60 to 1 is very similar to the consumption-based inequality None of the above Click Save and Submit to save and submit. Click Save All Answers to save all answers. v Question Completion Status: QUESTIONS The inefficiency of a common property institutional arrangement relative to private property is measured by the area CDE because: Go to Course Documents and open folder titled: Exam 3 Graphs It shows the net loss of production associated with allocating LiL2 workers to the industrial sector. O It shows the net gain in output associated with allocating L?Ly workers to the industrial sector. It shows total production associated with allocating workers LiL2 to the common property farm. It shows total production associated with allocating LiL2 workers to the industrial sector. QUESTION 6 Based on the graph used in class to explain the Coase Theorem, the optimal amount of pollutions is: [Go to Course Documents and open folder titled Exam 3 Graphs to search for the Coase Graph] OBCO Zero OBDO BDC Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 7 What has made the difference between North Korea and South Korea? Geography O Education O Culture 0 A centralized economy versus a market economy. QUESTION 8 According to the material studied, tax cuts would have a more significant impact on growth if. Money issuance by the Fed is increased. Money issue is reduced Subsidies are augmented Goverment spending is reduced. v Question Completion Status: QUESTION 9 The best solution to the problem of large fiscal deficits, growing debt, and shrinking defense spending is to: O Increase taxes None of the above. 0 Address the issue of entitlement reforms Increase government expenditures QUESTION 10 Characteristics prevailing among the families in the top quintile are: Single-parent headed family, education of the householder with a college degree or more, age of the householder under 35 Married-couple family, the householder has a college degree or more; among married couples, a high percent of wives work full-time. Age of the householder between 35 and 64, education of the householder less than a high school degree, a low number of hours worked supplied by the group. Eamers per family less than one, single-parent family, low number of hours worked Click Save and Submit to save and submit. Click Save All Answers to save all answers.