Questions

Discussion: Economic Principles and Public Health Issues When analyzed through the lens of economics, public health operates like other sectors of the economy while still retaining significant differences. Economists use economic principles as a tool…

Question_Doc14_15Dec_10th Question 83) An externality occurs whenever A) private costs are the same as social costs. B) private costs are the same as internal costs. C) private costs diverge from social costs. D) private costs…

Question_Doc14_15Dec_9th Question 43) Costs borne solely by the individuals who incur them are A) private costs. B) social costs. C) internality. D) common property. 44) Which of the following is not a private cost? A)…

Question_Doc14_15Dec_8th Question 3) Which of the following is most likely to be common property? A) a cat in a house B) farm raised catfish in Alabama C) tuna in the Pacific Ocean D) cattle in…

Question_Doc14_15Dec_7th Question 39) The exclusive rights of ownership of property are generally referred to as A) level property rights. B) private property rights. C) public property rights. D) common property rights. 40) A resource that…

Question_Doc14_15Dec_6th Question 53) Suppose people value clean air more as their incomes increase. What would happen to the optimal amount of clean air as a country develops economically? Is there an economic prediction we can…

Question_Doc14_15Dec_5th Question 13) The optimal quantity of air pollution is A) whatever amount of pollution is produced by the profit maximizing firm. B) found by equating the marginal benefits from further reductions in pollution and…

Question_Doc14_15Dec_4th Question 11) To totally internalize an externality, a government can levy a tax related only to the physical quantity of pollution if A) the economic damages associated with the pollution are different across different…