Externalities Quiz (chapter 10)

11 Questions  I  By Weirso
Test your knowledge with this quiz based on externalities in chapter 10 of the book 'Economics' - Mankiw and Taylor. .?

  
Changes are done, please start the quiz.


Question Excerpt

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
1.  An externality is:
A.
B.
C.
2.  A negative externality has an impact which is beneficial.
A.
B.
3.  Externalities...
A.
B.
C.
D.
4.  Incentivising buyers/sellers to take external effects of their actions into account is known as internalizing an externality.
A.
B.
5.  Positive externality:
A.
B.
C.
D.
6.  Government action is the only way of solving externalities.
A.
B.
7.  The Coase Theorem implies that private parties can solve externalitiy problems independantly if:
A.
B.
C.
D.
8.  The government can remedy externalities by:
A.
B.
C.
9.  A Pigovian Tax is a:
A.
B.
C.
D.
10.  Tradable pollution permits...
A.
B.
C.
D.
E.
11.  Property rights grant the exclusive right of a party to determine how a resource is used.
A.
B.
Back to top


to post comments.

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz