ECO 405 Week 4 Quiz

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ECO 405 Week 4 Quiz Strayer

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Quiz $ Cha%ter 4 an" 5

Cha%ter 04

Pollution Pro&le's( #ust We )oul Our Own *ests+

#ulti%le Choice Questions

1. !""uti!n#. $ike #ir #nd Water !""uti!n %e&ame #n '((ue 'n )he *.S. +urin, )he 10(%. )end( )! %e W!r(e 'n !re !pu"ated )han 'n $e(( !pu"ated #rea(C. O&&ur( %e&au(e $ar,e !rti!n( O )he Enir!nment #re O3ned %y !""uter(+. 'n&rea(e( )he C!(t O r!du&in, #"" !!d(E. '((ue( #re epre(ented 'n #"" O )he #b!e #n(3er(

2. )he $ee" O !""uti!n 'n&rea(e( When

#. # er(!n %reathe(%. Wa(te( #re +umped 'nt! )he Enir!nmentC. Wa(te( #re +umped 'nt! )he Enir!nment #t # 6i,her ate )han Wa(te( #ree&y&"ed+. 7e3 'ndu(tria" "ant Open(E. e&y&"in, 'n&rea(e(

8. Whi&h O )he 9!""!3in, '( # Seri&e r!ided %y )he Enir!nment#. *(e #( # 6abitat%. r!i(i!n O #menitie(C. r!i(i!n O a3 ateria"(+. Wa(te +i(p!(a"E. #"" O )he #b!e
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4. Whi&h O )he 9!""!3in, %e(t +e(&ribe( Why !""uti!n E;i(t( 'n )heEnir!nment#. )he Enir!nment 6a( 7! Capa&ity )! e&y&"e Wa(te%. #"" ateria"( )ake #

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5. 6uman r!du&ti!n r!&e((e( +! 7!t 'n&"ude Whi&h O )he 9!""!3in, Seri&e(#. inera" +ep!(it(= Su&h #( C!a" #nd 'r!n%. ene3ab"e e(!ur&e(= $ike )imber #nd "ant r!du&t(C. )e&hn!"!,i&a" #dan&e( 'n r!du&ti!n

+. e&y&"in, O Wa(te ateria"(= Su&h #( Chemi&a" Wa(te(E. #"" O )he #b!e

. ar,ina" riate C!(t >p&? #"3ay( 'n&"ude(:#. )he ri&e O # !!d 'n )he arket%. )he E;tra C!(t( O r!du&ti!n O One !re *nit O # !!dC. )he #dditi!na" %eneit( e&eied %y C!n(umer( 9r!m )he C!n(umpti!n O )he!!d

+. )he C!(t( 'mp!(ed On S!&iety 9r!m !""uti!nE. )he E;penditure( %y !ernment )! C!ntr!" 7e,atie E;terna"itie(

@. )he )erm Aar,ina" S!&ia" %eneitA ean(#. %eneit( )hat #re Bu(t #b!e )he ar,in O %ein, er!%. )he Entire %eneit( Obtainab"e 9r!m )he #&tiityC. )hat art O )he %eneit( C!ered %y )he C!(t( O Carryin, On )he #&tiity+. )he Chan,e 'n )!ta" S!&ia" %eneit( er *nit Chan,e 'n )he #m!unt O )he#&tiity

E. )he %eneit( O inima" Qua"ity !!d( #nd Seri&e(

D. ' #"" %eneit( 9r!m C!n(umin, # !!d ! )! C!n(umer(= )he +emand Cure '()he Same #( )he#. p& Cure%. (& CureC. pb Cure+. Supp"y Cure

E. %eneit Cure

. When )here #re 7! E;terna"itie(= Eui"ibrium 'n # arket#. a;imize( S!&ia" We""-%ein,%. Euate( Quantity Supp"ied #nd Quantity +emandedC. Euate( (b #nd (&+. Euate( pb #nd p&E. +!e( #"" O )he #b!e

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10. When )he C!(t O #n #&ti!n 9a""( On Other )han )he er(!n >Or er(!n(?e(p!n(ib"e 9!r )he #&ti!n= Whi&h O )he 9!""!3in, E;i(t(#. !(itie E;terna"ity%. 7e,atie E;terna"ity

C. E;terna"ity 'n C!n(umpti!n+. E;terna"ity 'n r!du&ti!nE. E;terna" C!(t

11. When # %eneit O #n #&ti!n 9a""( On Other )han )he er(!n >Or er(!n(?e(p!n(ib"e 9!r )he #&ti!n= Whi&h O )he 9!""!3in, E;i(t(#. !(itie E;terna"ity%. 7e,atie E;terna"ity

C. E;terna"ity 'n C!n(umpti!n+. E;terna"ity 'n r!du&ti!nE. E;terna" C!(t

12. When )he ar,ina" riate %eneit O #n #&tiity +!e( 7!t Eua" )he ar,ina"S!&ia" %eneit= Whi&h O )he 9!""!3in, E;i(t(#. !(itie E;terna"ity%. 7e,atie E;terna"ityC. E;terna"ity 'n C!n(umpti!n

+. E;terna"ity 'n r!du&ti!nE. E;terna" C!(t

18. When )he ar,ina" riate C!(t O #n #&tiity +!e( 7!t Eua" )he ar,ina"S!&ia" C!(t= Whi&h O )he 9!""!3in, E;i(t(#. !(itie E;terna"ity%. 7e,atie E;terna"ityC. E;terna"ity 'n C!n(umpti!n

+. E;terna"ity 'n r!du&ti!nE. E;terna" C!(t

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14. Whi&h O )he 9!""!3in, Create( # !(itie E;terna"ity 'n C!n(umpti!n#. !""utin, # ier%. "ayin, $!ud u(i&C.

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1. When p& '( $e(( )han (&=#. 9irm( Wi"" )end )! r!du&e !re )han '( S!&ia""y Optima"%. )he ri&e O )he r!du&t Wi"" %e 6i,her )han )he C!mpetitie ri&eC. )he 9irm u(t %e # !n!p!"i(t

+. )he 9irm Wi"" r!du&e $e(( )han '( S!&ia""y Optima"E. )here #re !(itie E;terna"itie( 'n r!du&ti!n

20. C!mp"ete E"iminati!n O !""uti!n '( E&!n!mi&a""y ati!na" When#. !""uti!n '( #((!&iated With '""ne(( 'n 6uman(%. 9!r Ea&h *nit O !""uti!n= )he C!(t O C"ean-*p '( $e(( )han )he %eneit 9r!m't( E"iminati!nC. )he !""uti!n Wi"" $ike"y #e&t 9uture enerati!n(

+. (& O C"eanup F (b O C"eanupE. 7!ne O )he #b!eG C!mp"ete E"iminati!n '( 7eer ati!na"

21. !""uti!n Sh!u"d %e C!mp"ete"y E"iminated#. When )he ar,ina" S!&ia" %eneit O C!ntr!" '( reater )han Or Eua" )! )hear,ina" S!&ia" C!(t O C!ntr!" 9!r #"" *nit( O !""uti!n%. When )he ar,ina" S!&ia" C!(t O C!ntr!" '( er!C. #t 7! )ime= 9r!m #n E&!n!mi& er(pe&tie+. #"" O )he #b!e

E. >#? #nd >%?

22. )he Optima" $ee" O !""uti!n C!ntr!" O&&ur( When#. (b O C!ntr!" Eua"( (&%. !""uti!n '( er!C. (b O C!ntr!" Bu(t E;&eed( (&+. (b O C!ntr!" '( $e(( )han (&E. 7!ne O )he #b!e

28. )he arket Output $ee" )end( )! %e S!&ia""y Optima" When#. +emand Eua"( Supp"y 'n )he arket%. #"" C!(t( #nd %eneit( #re riate #nd (bH(&C. )here '( 7either # Sh!rta,e 7!r # Surp"u( O )he r!du&t+. )here #re E;terna"itie( 'n r!du&ti!nE. )here #re E;terna"itie( 'n C!n(umpti!n

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24. C!(t( 'n&urred %y )he r!du&er 9!r )he *(e O Se"-O3ned e(!ur&e( #reCa""ed#. 'mp"i&it C!(t(%. E;p"i&it C!(t(C. #&&!untin, C!(t(

+. )!ta" C!(t(E. ar,ina" C!(t(

25. C!(t( 'n&urred %y )he r!du&er )! %uy Or 6ire e(!ur&e( #re Ca""ed#. 'mp"i&it C!(t(%. E;p"i&it C!(t(C. Opp!rtunity C!(t(+. )!ta" C!(t(E. ar,ina" C!(t(

2. #n!ther )erm 9!r 'mp"i&it C!(t '(#. Out-O-!&ket C!(t(%. E;p"i&it C!(t(C. Opp!rtunity C!(t+. )!ta" C!(tE. ar,ina" C!(t

2@. ayment %y # 9irm )! 6ire # W!rker '( #n E;amp"e O #>7?#. 'mp"i&it C!(t%. E;p"i&it C!(tC. Opp!rtunity C!(t+. )!ta" C!(tE. ar,ina" C!(t

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2D. #n *p(tream aper i"" !""ute( Water *(ed %y # +!3n(tream Water %!tt"in,"ant= 9!r&in, )he $atter )! C"ean )he Water 't *(e(. Whi&h O )he 9!""!3in, '( #. %!th Wi"" Oer-r!du&e%. )he aper i"" Wi"" *nder-r!du&e #nd )he %!tt"in, "ant Wi"" Oer-r!du&e

C. )he aper i"" Wi"" Oer-r!du&e #nd )he %!tt"in, "ant Wi"" *nder-r!du&e+. %!th Wi"" *nder-r!du&eE. 7either Wi"" Oer-r!du&e Or *nder-r!du&e

2. Whi&h O )he 9!""!3in, '( # 9a&t!r $eadin, )! !""uti!n#. e!p"e #re 'nherent"y +irty%. )here #re r!perty i,ht( )! )he Enir!nmentC. )he Enir!nment '( C!""e&tie"y C!n(umed+. )he $a3 O 'n&rea(in, eturn(E. #"" O )he #b!e

Que(ti!n( 80 - 84 eer )! )he raph %e"!3.

80. ien )he p& )t1= )he C!(t O 'n&rea(in, !""uti!n C!ntr!" 9r!m C1)! C2'(#. #1a2+!""ar( W!rth O Other !!d( #nd Seri&e(%. Q12+!""ar( W!rth O Other !!d( #nd Seri&e(C. C1&2+!""ar( W!rth O !""uti!n C!ntr!"+. )1= +!""ar( W!rth O Other !!d( #nd Seri&e(E. *nab"e )! %e +etermined With!ut #dditi!na" 'n!rmati!n

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81. Whi&h O )he 9!""!3in, C!u"d E;p"ain # Shit 'n )he r!du&ti!n !((ibi"itie(Cure 9r!m )t1)! )t2#. Oer-*ti"izati!n O !""uti!n C!ntr!" #&tiitie(%. %etter )e&hniue( O !""uti!n C!ntr!"

C. 6i,her ri&e( 9!r Other !!d( #nd Seri&e(+. 'n&rea(ed %eneit( 9r!m !""uti!n C!ntr!"E. %etter )e&hn!"!,y 9!r r!du&in, Other !!d( #nd Seri&e(

82. # )e&hn!"!,i&a" #dan&e )hat 'mpr!e( !""uti!n C!ntr!" eth!d( W!u"d Cau(eWhi&h O )he 9!""!3in, Chan,e( On )he raph # !ement 9r!m#. #1)! #2%. C1)! C2

C. Q1)! Q2+. )t1)! )t2E. 0 )! C2

88. #((umin, )hat )he E&!n!my '( Operatin, On )he p& )t 1= )he %eneit O'n&rea(in, !""uti!n '( Sh!3n On )he raph #( # !ement 9r!m#. #2)! #1%. C2)! C1C. Q2)! Q1

+. )t2)! )t1E. C2)! 0

84. Operatin, #t Whi&h !int On )he p& )t1Wi"" e(u"t 'n )he !(t Enir!nmenta"+e,radati!n#. )%. )1C. )2

+. #1E. #2

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85. #((ume )hat )he Current arket +emand #nd Supp"y Cure( 9!r #re + 2#ndS2. ' )here #re 7e,atie S!&ia" Spi""!er( #((!&iated With )he r!du&ti!n O =#. !ernment Sh!u"d $ey # er *nit )a; On )! Shit )he Supp"y Cure )!3ardS1%. #n Output reater )han 0, W!u"d 'mpr!e e(!ur&e #""!&ati!nC. !ernment Sh!u"d $ey # er *nit )a; On )! Shit )he +emand Cure)!3ard +1+. #n Output Sma""er )han 0, W!u"d 'mpr!e e(!ur&e #""!&ati!nE. %!th >#? #nd >+?

8. #((ume )hat )he Current arket +emand #nd Supp"y Cure( 9!r #re + 2#ndS2. ' )here #re !(itie S!&ia" Spi""!er( #((!&iated With )he r!du&ti!n O :

#. !ernment Sh!u"d $ey # er *nit )a; On )! Shit )he Supp"y Cure )!3ardS1%. #n Output reater )han 0, W!u"d 'mpr!e e(!ur&e #""!&ati!nC. !ernment Sh!u"d $ey # er *nit )a; On )! Shit )he +emand Cure)!3ard +1+. #n Output Sma""er )han 0, W!u"d 'mpr!e e(!ur&e #""!&ati!nE. %!th >#? #nd >+?

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8@. #((ume )hat )he Current arket +emand #nd Supp"y Cure( 9!r #re + 1#ndS1#nd )here #re !(itie S!&ia" Spi""!er( #((!&iated With )he C!n(umpti!n O .Whi&h Cure C!u"d epre(ent )he (b Cure 9!r #. +1

%. +2C. S1+. S2E. 7!ne O )he #b!e

8D. #((ume )hat )he Current arket +emand #nd Supp"y Cure( 9!r #re + 1#ndS1#nd )here #re !(itie S!&ia" Spi""!er( #((!&iated With )he r!du&ti!n O .Whi&h Cure C!u"d epre(ent )he (& Cure 9!r

#. +1%. +2C. S1+. S2E. 7!ne O )he #b!e

8. ' AA '( !""uti!n C!ntr!"= Whi&h O )he 9!""!3in, Shit( '""u(trate( )he Ee&tOn )he arket 9!r !""uti!n C!ntr!" ' 7e3 )e&hn!"!,y )! C!ntr!" !""uti!n '(+ee"!ped

#. +1)! +2%. +2)! +1C. S1)! S2+. S2)! S1E. 7!ne O )he #b!e

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40. ' )he +i(&har,e O )he 9irm '( Q1*nit( er +ay #nd # )a; O )1 er *nit '("a&ed On !""uted +i(&har,e= )he 9irm Wi""#. C"ean #"" O 't( +i(&har,e O Wa(te(%. C"ean 7!ne O 't( +i(&har,e O Wa(te(C. Spend #0b0+!""ar( On C"eanin, )he +i(&har,e+. Spend #00+!""ar( On C"eanin, )he +i(&har,eE. >#? #nd >+?

41. # )a; O )1er *nit On !""uted +i(&har,e Wi"" 'ndu&e )he 9irm )!#. C"ean 't( +i(&har,e *p )! Q1*nit( er +ay ather )han ay )he )a;%. ay )he )a; ather )han C"ean +i(&har,e *p )! Q1*nit( er +ayC. C"ean 't( +i(&har,e E;&eedin, Q1*nit( er +ay ather )han ay )he )a;+. ay )he )a; On #"" *nit(

E. >#? #nd >+?

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42. # )a; O !re )han )1er *nit On !""uted +i(&har,e Wi"" 'ndu&e )he 9irm )!C"ean *p#. Q1%. !re )han Q1

C. Q+. !re )han Q %ut $e(( )han Q1E. er!

48. # )a; O 0er *nit On !""uted +i(&har,e Wi"" 'ndu&e )he 9irm )! C"ean *p#. Q1%. !re )han Q1C. Q

+. !re )han Q %ut $e(( )han Q1E. er!

44. Supp!(e )he Current )a; '( )1#nd )he !ernment Wi(he( )! #""!3 $e((!""uti!n. 't Sh!u"d#. ai(e )he )a; #b!e )1%. $!3er )he )a; %e"!3 )1C. Shit )he p& Cure )! )he $et+. Shit )he p& Cure )! )he i,ht

E. +! 7!ne O )he #b!e

Que(ti!n( 45 - 4 #re %a(ed On )he 9!""!3in, 'n!rmati!n.'n # Sma"" City $!&ated On # $ake= )he a3 Se3a,e O )he City '( +umped+ire&t"y 'nt! )he $ake. )hi( 6a( %een # S!ur&e O +i(tre(( 9!r Citizen( Wh! $ike)! S3im= 9i(h= #nd Water Ski. # Study 6a( %een 'n(tituted )! +etermine What

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45. )he ar,ina" S!&ia" %eneit O )he Si;th *nit O !""uti!n C!ntr!" '(#. I45=000%. I1D0=000C. ID0=000+. I0=000

E. I40=000

4. )he ar,ina" S!&ia" C!(t O )he 9!urth *nit O !""uti!n C!ntr!" '(#. er!%. I80=000C. I0=000+. I100=000E. I120=000

4@. #t )he E&!n!mi&a""y Ei&ient $ee" O C!ntr!"= (b#. Eua"( (&%. Eua"( I80=000C. '( $!3er )han #t One *nit $e(( !""uti!n C!ntr!"+. '( 6i,her )han #t One *nit !re !""uti!n C!ntr!"E. '( #"" O )he #b!e

4D. #( )he *nit( O !""uti!n C!ntr!" 'n&rea(e= )he (b O C!ntr!""in, !""uti!n '(#. 'n&rea(in,%. +e&rea(in,C. C!n(tant+. 6arder )! +eineE. 'mp!((ib"e )! +etermine

4. )he E&!n!mi&a""y Ei&ient $ee" O !""uti!n C!ntr!" '(#. 10 *nit(%. *nit(C. D *nit(+. 4 *nit(E. 2 *nit(

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50. Whi&h Cure '( )he 9irm( pb Cure#. +%. SC. J1+. J2

E. 7!ne O )he #b!e

51. ien )hat )he 9irmK( +emand #nd Supp"y Cure( #re + #nd S= e(pe&tie"y=Whi&h Cure '( )he (& Cure 9!r )he !""utin, 9irm( r!du&t#. +%. SC. J1+. J2

E. 7!ne O )he #b!e

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52. What '( )he Eui"ibrium Quantity O )he !""utin, 9irm( r!du&t 'n # arketWith 7! !""uti!n e,u"ati!n#. Q1%. Q2

C. Q8+. 0E. 't Cann!t %e +etermined

58. What '( )he Ei&ient Quantity O )he !""utin, 9irm( r!du&t#. Q1%. Q2C. Q8

+. 0E. 't Cann!t %e +etermined

54. )he

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Que(ti!n( 55-5 eer )! )he raph %e"!3.

55. Whi&h Cure '( )he (& Cure 9!r )he Water-*(in, 9irm( r!du&t#. +%. SC. J1+. J2E. 7!ne O )he #b!e

5. What '( )he Quantity O )he 9irm( r!du&t 'n # arket With 7! !""uti!ne,u"ati!n#. Q1%. Q2C. Q8


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5@. What '( )he Ei&ient Quantity O )he Water-*(in, 9irm( r!du&t#. Q1%. Q2C. Q8


5D. )he

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1. )he Ei&ient $ee" O !""uti!n '( er! On"y ' )he#. ar,ina" C!(t O !""uti!n C!ntr!" '( er!%. ar,ina" %eneit O !""uti!n C!ntr!" '( er!C. pb O !""uti!n C!ntr!" Eua"( (b

+. p& O !""uti!n C!ntr!" Eua"( (&E. p& O !""uti!n C!ntr!" Eua"( pb

2. euirin, #ut!m!bi"e( )! a(( Emi((i!n( )e(t( %e!re %ein, #""!3ed On )he!ad '( #n E;amp"e O #>7?#. +ire&t !""uti!n C!ntr!"%. 'ndire&t !""uti!n C!ntr!"C. !""uti!n )a;

+. arket S!"uti!n )! !""uti!nE. !(itie E;terna"ity 'n C!n(umpti!n

8. ' # !""uti!n )a; '( "a&ed On # 9irm Emittin, !""uti!n= )he 9irm Wi"" ay )he)a;= ather )han edu&e 't( Emi((i!n(= #( $!n, #( )he )a; '(#. #b!e 't( p& O !""uti!n C!ntr!"%. %e"!3 't( p& O !""uti!n C!ntr!"C. #b!e )he (& O !""uti!n C!ntr!"+. %e"!3 )he (& O !""uti!n C!ntr!"

E. ea(!nab"e

4. ' # !""uti!n )a; '( "a&ed On # 9irm Emittin, !""uti!n= )he 9irm Wi"" )reat!""uti!n= ather )han ay )he )a;= #( $!n, #( )he )a; '(#. #b!e 't( p& O !""uti!n C!ntr!"%. %e"!3 't( p& O !""uti!n C!ntr!"C. #b!e )he (& O !""uti!n C!ntr!"+. %e"!3 )he (& O !""uti!n C!ntr!"

E. ea(!nab"e

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5. 'n # !""uti!n i,ht( arket=#. 9irm( %uy $i&en(e( )! !""ute%. 9irm( Se"" $i&en(e( )! !""uteC. Enir!nmenta" r!up( Can edu&e !""uti!n %y %uyin, $i&en(e( )! !""ute

+. )he !ernment Can +etermine )he $ee" O !""uti!n %y )he 7umber O$i&en(e( 't '((ue(E. #"" O )he #b!e

. !""uti!n i,ht( arket(#. 6ae %een Sh!3n )! W!rk 'n )he!ry= %ut 7!t 'n ra&ti&e%. 6ae 7eer %een *(ed 'n )he ea" W!r"dC. #re *(ed #r!und )he W!r"d= %ut 7!t 'n )he *nited State(

+. 6ae %een *(ed )! edu&e Su"ur +i!;ide Emi((i!n(E. 6ae 7!t %een Ee&tie 'n C!ntr!""in, Su"ur +i!;ide Emi((i!n(

@. +ire&t Or andat!ry C!ntr!" 'mp!(ed %y !ernment On !""uter( re(upp!(e()hat )he e,u"at!ry %!dy Can#. +etermine What )he +e(irab"e $imit( O !""uti!n #re%. +etermine Where )he ar,ina" C!(t( O !""uti!n #re reate(tC. En!r&e Standard(+. %? #nd C?

E. #"" O )he #b!e

D. #n #danta,e O +ire&t e,u"ati!n #( # eth!d O C!ntr!""in, !""uti!n '()hat#. )he Optima" $ee" O !""uti!n C!ntr!" Can %e Ea(i"y +etermined%. !""uti!n edu&ti!n Qu!ta( Can %e

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. Whi&h O )he 9!""!3in, #ppr!a&he( W!u"d #n E&!n!mi(t r!p!(e )! #ddre(('ndu(tria" !""uti!n O # ier#. %an #"" +umpin, O !""utant( 7ear Or 'nt! )he ier%. $imit Ea&h "ant )! # a;imum #m!unt O !""utant Emi((i!n

C. Char,e Ea&h !""uter # 9i;ed #m!unt 9!r Ea&h *nit O !""utant +umped 'nt!)he ier+. +ire&t !""uti!n C!ntr!" e,u"ati!nE. C!mmand #nd C!ntr!" !""uti!n e,u"ati!n

@0. With )radab"e !""uti!n $i&en(e( )! C!ntr!" !""uti!n= edu&ti!n( 'n )!ta"!""uti!n#. Can %e #&hieed %y 6ain, !ernment %uy %a&k S!me O )he $i&en(e(

%. Can %e #&hieed %y 6ain, !ernment Se"" !re $i&en(e(C. euire( )he !ernment )! %uy %a&k #"" E;i(tin, $i&en(e( #nd e-'((ue 7e3$i&en(e(+. Cann!t %e #&hieedE. '( 7eer E&!n!mi&a""y Optima"

@1. # arket 9!r !""uti!n i,ht( '( #n Ei&ient #ppr!a&h )! !""uti!n C!ntr!"%e&au(e#. 't '( Cheap )! 'mp"ement

%. 't $ead( )! )he C!mp"ete E"iminati!n O !""uti!nC. 't Cau(e( )he !""uti!n )! %e E"iminated #t )he $!3e(t C!(t+. 't '( Ea(y )! En!r&eE. 7!ne O )he #b!e

@2. r!du&ti!n #nd C!n(umpti!n 'n )he Ci,arette arket '( )!! 6i,h %e&au(e#. r!du&er( +! 7!t Care #b!ut )he 6ea"th O )heir Cu(t!mer(%. p& '( reater )han )he (&

C. pb '( reater )han (b+. (b '( reater )han pbE. pb '( $e(( )han (b

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@8. When !""uti!n '( 7!t e,u"ated 'n )he arket= !""utin, 9irm( Wi""#. *nder-*ti"ize e(!ur&e( #nd Char,e 6i,h ri&e(%. *nder-*ti"ize e(!ur&e( #nd Char,e $!3 ri&e(C. *(e )he #ppr!priate $ee" O e(!ur&e(= %ut Char,e 6i,h ri&e(+. %e

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@4. 9!r # )a; On !""uti!n )! %e Ee&tie= 't u(t %e#. "a&ed On )he 9irm !""utin,%. reater )han )he C!(t O C"eanin,-*p )he !""uti!nC. "a&ed On )he C!n(umer

+. $e(( )han )he C!(t O C"eanin, *p )he !""uti!nE. Set #t # ea(!nab"e ate

@5. Supp!(e )he !ernment 'mp!(e( # )a; On E"e&tri& C!mpanie( 9!r Ea&h *nitO Su"ur )hey Emit. Whi&h O )he 9!""!3in, W!u"d 7!t O&&ur#. 6i,her ri&e( 9!r E"e&tri&ity%. $!3er ri&e( 9!r E"e&tri&ityC. E"e&tri& C!mpanie( Shitin, )! $!3 Su"ur Oi"

+. # +e&rea(e 'n )he #m!unt O E"e&tri&ity r!du&edE. # Shit )! #"ternatie Ener,y e(!ur&e(

@. ' Bim Start( # $and(&ape %u(ine(( #nd *(e( # )ru&k #nd # )ra&t!r )hat 6eO3n( )! er!rm $and(&apin, r!Le&t(= We Can C!n&"ude )hat#. )he C!(t( O )he )ru&k #nd )he )ra&t!r #re $!3%. )hat )he C!(t( O )he )ru&k #nd )he )ra&t!r #re E;p"i&it C!(t(C. )here '( 7! C!(t )! )he %u(ine(( Sin&e 6e O3n( %!th )he )ru&k #nd )he)ra&t!r

+. )hat )he C!(t( #((!&iated With %!th )he )ru&k #nd )he )ra&t!r #re 'mp"i&itC!(t(E. 6e Sh!u"d #(k 6i( #&&!untant 6!3 )! 6and"e )he C!(t(

@@. When 9irm( ake +e&i(i!n( #b!ut Output #nd #b!ut )he #m!unt O !""uti!n)hat )hey r!du&e= With!ut !ernment e,u"ati!n#. 9irm( On"y C!n(ider )heir riate %eneit( #nd C!(t( When akin, )heirCh!i&e(

%. 9irm( Ch!!(e 7!t )! !""ute %e&au(e 't( %ad 9!r )heir ub"i& 'ma,eC. S!&ia" C!(t( #re #"3ay( e"e&ted 'n )he arket ri&e( 9irm( ay 9!r )heir'nput(+. !""uti!n C!(t( #re a((ed On )! C!n(umer( 'n )he 9!rm O 6i,her ri&e(E. !ernment e,u"ati!n '( *(ed On"y 'n C!mmand E&!n!mie(

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@D. )he *(e O !""uti!n i,ht( $i&en(e( Can 'mpr!e Ei&ien&y #nd edu&e!""uti!n Sin&e#. !""uti!n i,ht( $i&en(e( +! 7!t 'mpr!e Ei&ien&y 7!r edu&e !""uti!n%. )he $i&en(e( ie Enir!nmenta" r!up( !""uti!n edu&in, ermit(

C. )he C!(t )! ur&ha(e )he(e $i&en(e( ean( )hat S!&ia" C!(t( #re e"e&ted 'n)he 9irm( C!(t(= iin, )he 9irm #n 'n&entie )! edu&e !""uti!n When 't '(E&!n!mi&a""y %enei&ia"+. Su&h $i&en(e( 'mpr!e Ei&ien&y %y ri&in, !""uti!n %ut )he $i&en(e( +! 7!tedu&e !""uti!nE. )here '( 7! #m!unt O !""uti!n )hat '( +e(irab"e Or Ei&ient

,rue - )alse Questions

@. !""uti!n O&&ur( When )he Enir!nment Cann!t e&y&"e #"" )he Wa(te +umped'nt! 't.

D0. #ir !""uti!n +id 7!t Cau(e reat C!n&ern *nti" )he $a(t 9e3 +e&ade(.

D1. Water !""uti!n '( ea(ured 'n )erm( O )he #m!unt O )!;in( 'n )he Water.

D2. )he $ee" O +i((!"ed O;y,en '( #n 'mp!rtant ea(ure O Water Qua"ity.

D8. !""uti!n '( enerated %e&au(e 9irm( *(e 'nei&ient r!du&ti!n r!&e((e(.

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D4. !""uti!n C!n(i(t( O $!adin, )he Enir!nment With Wa(te( )hat #re 7!tC!mp"ete"y e&y&"ed= #re 7!t e&y&"ed 9a(t En!u,h= Or #re 7!t e&y&"ed #t #"".

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D5. !""uti!n e(u"t( 'n e(!ur&e i(a""!&ati!n.

D. )he Aar,ina" S!&ia" %eneitA O #n E&!n!mi& #&tiity '( )he %eneit )hat '(Bu(t #b!e )he ar,in O %ein, er!.

D@. ' )he ar,ina" S!&ia" C!(t O #ttainin, # Certain $ee" O Water urityE;&eed( )he ar,ina" S!&ia" %eneit= )he $ee" O Water urity Sh!u"d %e+e&rea(ed.

DD. 7et S!&ia" %eneit( Wi"" #"3ay( %e 'n&rea(ed %y 'n&rea(in, !""uti!n C!ntr!" ')he ar,ina" S!&ia" %eneit O )he 'n&rea(e 'n !""uti!n C!ntr!" '( reater )han)he ar,ina" S!&ia" C!(t O #dditi!na" C!ntr!" E!rt(.

D. !""uti!n +id 7!t E;i(t 'n #ny #ppre&iab"e #m!unt( ri!r )! )he 'ndu(tria"e!"uti!n.

0. )he Optimum $ee" O !""uti!n '( er!.

1. )he C!(t( O !""uti!n C!ntr!" )! # S!&iety #re ea(ured %y )he

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2. C!mp"ete E"iminati!n O !""uti!n W!u"d On"y ake E&!n!mi& Sen(e ' )heC!(t )! E"iminate )he $a(t *nit O !""uti!n '( $e(( )han )he %eneit 9r!m 't(E"iminati!n.

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8. )he S!&ia""y Optima" $ee" O r!du&ti!n 9!r #ny !!d Or Seri&e '( 9!undWhere pbHp&.

4. +e!d!rant ay %e #n E;amp"e O # !!d 9!r Whi&h (b M pb.

5. ' )he p& O r!du&ti!n '( $e(( )han )he (&= )he arket Wi"" r!du&e )!!u&h O )he r!du&t.

. EnL!yin, )he Sme"" O %read %akin, 9r!m N!ur 7ei,hb!r( 6!u(e '( #nE;amp"e O # 7e,atie E;terna"ity.

@. ' N!ur Sn!rin, eep( N!ur !!mmate 9r!m S"eepin,= N!u !!mmate '(

E;perien&in, # 7e,atie E;terna"ity.

D. !""uti!n '( #n E;amp"e O # 7e,atie E;terna"ity 'n C!n(umpti!n.

. 'mp"i&it C!(t( #re Opp!rtunity C!(t(.

100. E;p"i&it C!(t( #re Eua" )! )he

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101. 'mp"i&it C!(t( #re #"(! n!3n #( #&&!untin, C!(t(.

102. +ire&t C!ntr!"(= Su&h #( Settin, Emi((i!n Standard( 9!r #ut!m!bi"e(= Wi""#&hiee # !""uti!n 9ree Enir!nment.

108. When # 9irm !""ute(= 't( r!du&t Wi"" %e *nder-ri&ed #nd Oer-r!du&ed.

104. #n 'n&rea(e 'n # )a; er *nit O !""uted +i(&har,e Wi"" +e&rea(e )he #m!untO !""uti!n.

105. ' !""uter( Were 9!r&ed )! ay )he 9u"" C!(t O )heir #&tiitie(= )he ri&e O!!d( r!du&ed %y !""utin, 9irm( W!u"d i(e.

10. +ire&t r!hibiti!n O !""uti!n 6a( )he +i(adanta,e O r!idin, E&!n!mi&'n&entie( 9!r !""uter( 7!t )! !""ute.

10@. 'n )he Ca(e O #n *p(tream aper i"" )hat !""ute( Water *(ed %y #+!3n(tream !3er "ant 9!r&in, )he $atter )! C"ean )he Water 't *(e(= )he C!(t(O !""uti!n %y )he aper 'ndu(try #re %!rne %y %!th )he C!n(umer( #ndr!du&er( O E"e&tri&ity.

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10D. Wheneer C!n(umer( #re Wi""in, )! ay !re 9!r #n 'tem )han 't C!(t( )!r!du&e 't= 't '( Ei&ient )! E;pand Output.

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10. !ernmenta" e,u"ati!n( euirin, #nti-!""uti!n +ei&e( On #ut!m!bi"e(e(u"t 'n # +e&rea(e 'n )he +emand 9!r #ut!m!bi"e( #nd #n 'n&rea(e 'n ri&e.

110. 9edera" rant( ade )! State #nd $!&a" !ernment( 9!r )he C!n(tru&ti!n OSe3a,e )reatment 9a&i"itie( En&!ura,e riate 'ndu(trie( )! +ee"!p $!3 !""uti!neth!d( O r!du&ti!n.

111. )he Optimum $ee" O !""uti!n C!ntr!" '( Where ar,ina" S!&ia" %eneit

Eua"( ar,ina" S!&ia" C!(t.

112. 'n&entie( )! !""ute Stem 9r!m #n #b(en&e O r!perty i,ht( 'n )heEnir!nment #nd 9r!m )he C!""e&tie"y C!n(umed 7ature O Whateer '( %ein,!""uted.

118. # aL!r #danta,e O *(in, )a;e( )! C!ntr!" !""uti!n '( )hat )hey r!ide#n 'n&entie )! )he !""uter )! Seek 'mpr!ed Way( )! C"ean *p +i(&har,e.

114. )he !(t Ei&ient Way )! C!ntr!" !""uti!n '( +ire&t r!hibiti!n O !""utin,#&tiitie( %y )he !ernment.

115. *nder )he riate r!perty i,ht( #ppr!a&h )! !""uti!n C!ntr!"= )he 'ndu(tryOr 9irm )hat !(t A

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11. 't '( Ei&ient 9!r e,u"at!ry %!die( )! 'ndu&e edu&ti!n 'n !""uti!n When)he ar,ina" S!&ia" C!(t '( $!3e(t= e,ard"e(( O Whi&h 9irm( #re )he W!r(t!""uter(.

11@. # !""uti!n i,ht( arket Can %e #n Ei&ient eth!d O !""uti!n C!ntr!".

11D. When !""uti!n i,ht( arket( #re Created= )h!(e 9irm( Wh! Can edu&e!""uti!n !(t Cheap"y Wi"" +! S!.

11. When !""uti!n i,ht( arket( #re *(ed= )he Oera"" $ee" O !""uti!n '(edu&ed ' )he !ernment Se""( #dditi!na" $i&en(e(.

120. )he E(tab"i(hment O C"ear"y +eined r!perty i,ht( )! )he Enir!nmentW!u"d $ead )! #n E"iminati!n O !""uti!n.

121. )he E(tab"i(hment O r!perty i,ht( )! )he Enir!nment W!u"d 7!t= On 't(O3n= $ead )! )he Optima" $ee" O !""uti!n C!ntr!".

122. +e!d!rant '( #n E;amp"e O # C!""e&tie"y C!n(umed !!d.

128. !""utin, 9irm( Char,e ri&e( %e"!3 What W!u"d E;i(t With!ut !""uti!n.

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124. )he Creati!n O # arket 9!r !""uti!n i,ht( E"iminate( !""uti!n Where 't '(Cheape(t )! +! S!.

125. When # 9irm 6a( )! C"ean Enir!nmenta" e(!ur&e( ri!r )! *(in, )hem= )heC!n(umer( O )hat 9irm( r!du&t( #re Char,ed 6i,her ri&e( )han W!u"d E;i(t 'n)he #b(en&e O !""uti!n.

12. )! +ate= )here 6a( %een 7! 9!rma" *(e O !""uti!n i,ht( arket(.

12@. En!r&ement '( # r!b"em With #"" eth!d( O !""uti!n e,u"ati!n.

12D. !""uti!n e,u"ati!n W!rk( We"" %e&au(e E&!n!mi(t(= 7!t !"iti&ian(= #re 'n

Char,e O e,u"at!ry %!die(.

Cha%ter 05

Econo'ics O. Cri'e An" /ts Preention( 1ow #uch /s ,oo #uch+

#ulti%le Choice Questions

1. #n 'mm!ra" #&t '(#. Ea(y )! +eine%. #"3ay( '""e,a"C. +ierent 'n +ierent S!&ietie(+. +eined C!n(i(tent"y #&r!(( )he *nited State(E. #"" O )he #b!e

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2. '""e,a" #&t( #re#. #"(! 'mm!ra"%. One( )hat S!&iety 6a( +etermined )hat 't '( %etter O #""!3in,C. +e(i,nated #( Su&h %y )he Crimina" Bu(ti&e Sy(tem+. reented On&e # $a3 '( a((ed

E. #"" O )he #b!e

8. #,,raated #((au"t '( #n E;amp"e O #>7?#.

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5. r!(tituti!n '( #n E;amp"e O #>7?#.

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. Whi&h O )he 9!""!3in, !!d( Or Seri&e( '( # ub"i& !!d#. !"i! 'mmunizati!n%. Stamp C!""e&ti!nC. # Sm!ke +ete&t!r

+. 7ati!na" +een(eE. # %ur,"ar #"arm

10. !ernment Can Ee&tie"y emedy )he 9ree-ider r!b"em %y#. euirin, #"" Wh! e&eie )he %eneit( O # ub"i& !!d Or Seri&e )! ay#ppr!priate )a;e( 9!r 't%. 'mp!(in, # )a; On #ut!m!bi"e( #nd #"" Other 9!rm( O )ran(p!rtati!nC. E"iminatin, #"" 9!rm( O )ran(p!rtati!n

+. %annin, riate Crime reenti!n #&tiitie(E. 7!ne O )he #b!e

11. # Chara&teri(ti& O # ub"i& !!d Or Seri&e '(#. )hat 7! 'ndiidua" Can 'dentiy Spe&ii&a""y )he art O 't )hat 6e Or SheC!n(ume(%. On&e )he !!d '( r!ided= 't '( +ii&u"t Or 'mp!((ib"e )! E;&"ude #ny!ne9r!m *(in, 'tC. ' 't '( r!ided riate"y= 't enerate( # A9ree-iderA r!b"em

+. One er(!n( *(e +!e( 7!t +e&rea(e )he Quantity #ai"ab"e 9!r Other(E. #"" O )he #b!e

12. Whi&h O )he 9!""!3in, '( !(t $ike"y # ub"i& !!d#. # C!""e,e Edu&ati!n%. # Sm!ke +ete&t!rC. Sma""p!; 'mmunizati!n+. E"ementary Edu&ati!n

E. Spa&e E;p"!rati!n

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18. # r!up r!Le&t 6a( %een #((i,ned #nd !(t O )he W!rk End( *p %ein,r!du&ed %y On"y One Or )3! O )he r!up( ember(. )hi( '( #n E;amp"e O#. )he 9ree-ider r!b"em%. +imini(hin, ar,ina" eturn(

C. )he Opp!rtunity C!(t rin&ip"e+. Euimar,ina" rin&ip"eE. #n 'mm!ra" #&t

14. 'mmunizati!n 9!r !"i! '( #n E;amp"e O #>7?#. Semi riate !!d%. ub"i& !!dC. riate !!d

+. !!d Whi&h )he arket Wi"" Ei&ient"y r!du&eE. E;terna"ity 'n r!du&ti!n

15. Whi&h O )he 9!""!3in, Statement( '( #. )he !ernment 'n # riate Enterpri(e E&!n!my C!nine( 't( r!du&ti!n O!!d( #nd Seri&e( )! ub"i& !!d(%. # aL!r +ieren&e %et3een riate Enterpri(e E&!n!mi& Sy(tem #nd #S!&ia"i(ti& E&!n!mi& Sy(tem '( )hat )he !ernment O )he $atter '( e(p!n(ib"e9!r )he r!du&ti!n O !(t riate= #( We"" #( ub"i& #nd Semi-riate= !!d(

C. !ernment( O riate Enterpri(e Sy(tem( $eae )he %u"k O riate !!d( )!%e r!du&ed %y riate %u(ine((e(+. !ernment( O riate Enterpri(e E&!n!mie( "ay # e"atie"y 'mp!rtant !"e'n )he r!i(i!n O Semi-riate !!d(E. 7!ne O )he #b!e

1. )he C!(t( O e(!ur&e( *(ed 'n Crime reenti!n#. #re Eua" )! )he

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1@. 9r!m #n E&!n!mi& !int O

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21. Supp!(e )he )!ta" S!&ia" %eneit( O Crime r!te&ti!n 'n&rea(e 9r!m ID00=000)! I00=000 #nd )!ta" S!&ia" C!(t( 'n&rea(e 9r!m I50=000 )! ID00=000= With )he#dditi!n O #n!ther *nit O Crime reenti!n Seri&e(.#. )he (bM(& #nd Crime reenti!n #&tiitie( Sh!u"d %e E;panded

%. )he (bH(& #nd )he $ee" O Crime reenti!n '( Opti!na"C. )he (bF(& #nd Crime reenti!n #&tiitie( Sh!u"d 7!t %e E;panded+. )he )(bM)(& #nd Crime reenti!n Sh!u"d %e E;pandedE. 7!ne O )he #b!e

22. !"i&e Oi&er( Sh!u"d %e 6ired *p )! )he !int Where#. )he ub"i& 9ee"( Sae 'n )heir 6!me(%. )he Crime ate 9a""( )! er!

C. )he %eneit O )he $a(t Oi&er 6ired '( Bu(t Eua" )! What 't( C!(t )! 6ire 6er+. )he %eneit O )he $a(t Oi&er 6ired E;&eed( )he C!(tE. 't '( 7!t !((ib"e )! )e"" With!ut 9urther 'n!rmati!n

28. Whi&h O )he 9!""!3in, '( 7!t #n E&!n!mi& C!(t O Crime )he#. $!(t Earnin,( O

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25. ar,ina" S!&ia" %eneit( O Crime reenti!n #&tiitie(#. #re )he 'n&rea(e 'n )he

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2. ' )he riate %eneit O %uyin, # Car #"arm '( I250 #nd )he S!&ia" %eneit O)he Car #"arm '( I850= '( 't Optima" 9!r N!u )! %uy # Car #"arm ' 't C!(t( I800#. Ne(= %e&au(e %eneit( E;&eed )he C!(t%. Ne(= %e&au(e (b M (&

C. 7!= %e&au(e riate %eneit( #re $e(( )han riate C!(t+. 7!= %e&au(e pb F (&E. )he Out&!me '( )he Same Whether N!u %uy )he #"arm Or 7!t

80. #dditi!na" E;penditure( Sh!u"d 7!t %e ade On !"i&e r!te&ti!n ' )he#dditi!na" C!(t O !"i&e r!te&ti!n#. '( $e(( )han )he #dditi!na" %eneit%. W!u"d 'n&rea(e )he (b O 9ire r!te&ti!n %y !re

C. '( !re )han )he Chan,e )!ta" S!&ia" %eneit( #( # e(u"t O )he #dditi!na"!"i&e r!te&ti!n+. W!u"d Cau(e # $ar,er 'n&rea(e 'n )!ta" S!&ia" %eneit( ' Spent E"(e3hereE. '( #"" O )he #b!e

81. #n #dditi!na" E;penditure On Crime reenti!n Sh!u"d %e #""!&ated )! )he#&tiity Where#. (b '( reate(t%. (& '( $!3e(t

C. )(b '( reate(t+. )(& '( $!3e(tE. )(& '( 6i,he(t

Que(ti!n( 82 - 8 eer )! )he )ab"e %e"!3.

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82. )he ar,ina" S!&ia" %eneit O )he )hird *nit O Crime reenti!n '(#. 200%. 1D0C. 10

+. 140E. 0

88. )he ar,ina" S!&ia" C!(t O )he 9!urth *nit O Crime reenti!n '(#. 2@0%. 1D0C. 10+. 0

E. 0

84. )he Ei&ient 7umber O *nit( O Crime reenti!n '(#. 1%. 2C. 8+. 4E. 5

85. #( !re Crime reenti!n '( #dded= )he (b O Crime reenti!n#. 'n&rea(e(%. +e&rea(e(C. %e&!me( 6i,her )han &(+. +!e( 7!t Chan,eE. '( !re +ii&u"t )! +etermine

8. )he 7et %eneit O #n #dditi!na" *nit O Crime reenti!n )! S!&iety '(6i,he(t With 6!3 any *nit( O Crime reenti!n#. 0%. 1C. 8+. 5E.

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Que(ti!n( 8@ - 41 eer )! )he )ab"e %e"!3.

)he C!(t O Ea&h !"i&e Oi&er '( I20=000G )he C!(t O Ea&h atr!" Car '( I10=000.

8@. ' )he )!ta" %ud,et '( I100=000= What '( )he !(t Ei&ient #""!&ati!n O )heCrime reenti!n %ud,et#. 1 !"i&e Oi&erG D atr!" Car(%. 2 !"i&e Oi&er(G atr!" Car(C. 8 !"i&e Oi&er(G 4 atr!" Car(+. 4 !"i&e Oi&er(G 2 atr!" Car(E. 5 !"i&e Oi&er(G 0 atr!" Car(

8D. ' )he !"i&e +epartment et( #n #dditi!na" #""!&ati!n O I40=000= 6!3 Sh!u"d)he !ney %e #""!&ated %et3een !"i&e Oi&er( #nd atr!" Car(#. 2 !"i&e Oi&er(G 0 atr!" Car(%. 2 !"i&e Oi&er(G 1 atr!" CarC. 1 !"i&e Oi&erG 1 atr!" Car+. 1 !"i&e Oi&erG 2 atr!" Car(E. 0 !"i&e Oi&er(G 4 atr!" Car(

8. )he 7et S!&ia" %eneit O )he )hird atr!" Car '(#. I11=000%. I15=000C. I20=000+. I8=000E. I45=000

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40. )he )!ta" %eneit O 6irin, )hree !"i&e Oi&er( '(#. I1D=000%. I4D=000C. I0=000

+. I14D=000E. I24=000

41. )he 7et S!&ia" %eneit O 6irin, One !"i&e Oi&er #nd %uyin, One atr!" Car'(#. I40=000%. I41=000C. ID0=000

+. I120=000E. I150=000

42. ' #b!rti!n Were ade '""e,a" )hr!u,h!ut )he *nited State(=#. )he C!(t O #b!rti!n Seri&e( W!u"d i(e%. )he Qua"ity O #b!rti!n Seri&e( W!u"d 9a"" #nd %e&!me $e(( StandardizedC. )he Supp"y O #b!rti!n Seri&e( W!u"d +e&rea(e+. )he +emand 9!r #b!rti!n Seri&e( W!u"d +e&rea(eE. #"" O )he #b!e

48. )he !re #b!rti!n( # +!&t!r er!rm(= )he 9e3er )he #ppende&t!mie( 6e Caner!rm. ea(urin, )he C!(t O #n #b!rti!n 'n )erm( O )he 7umber O#ppende&t!mie( 6e u(t 9!re,! er!rmin, '( #n '""u(trati!n O )he#. E&!n!mie( O a(( r!du&ti!n%. $a3 O +imini(hin, eturn(C. Opp!rtunity C!(t rin&ip"e+. $a3 O C!mparatie #danta,e

E. $a3 O +emand

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44. 'n #ny City With # ien Crime reenti!n %ud,et= #dditi!na" Suppre((i!n Or!(tituti!n#. Wi"" 7e&e((ari"y e(u"t 'n *nemp"!yment%. '( #"3ay( E&!n!mi&a""y #nd !ra""y +een(ib"e

C. '( 7eer +een(ib"e E&!n!mi&a""y Or !ra""y+. Wi"" *(ua""y %e #&hieed #t )he E;pen(e O #n 'n&rea(e 'n Other ind( OCrimeE. #"" O )he #b!e

45. Whi&h O )he 9!""!3in, '( #n E&!n!mi& Ee&t O r!hibiti!n O #"&!h!"#. # edu&ti!n 'n )he Supp"y= # +e&rea(e 'n ri&e= #nd # +e&rea(e 'n )he Qua"ityO $iu!r

%. #n 'n&rea(e 'n Supp"y= # +e&rea(e 'n ri&e= #nd #n 'n&rea(e 'n )he Qua"ity O$iu!rC. # +e&rea(e 'n Supp"y= #n 'n&rea(e 'n ri&e= #nd 7! Chan,e 'n )he Qua"ity+. # +e&rea(e 'n Supp"y= #n 'n&rea(e 'n ri&e= #nd # +e&rea(e 'n Qua"ityE. 7!ne O )he #b!e

4. ' # $a3 '( a((ed akin, 't '""e,a" 9!r *n"i&en(ed %arber( )! Cut 6air= Whi&hO )he 9!""!3in, Wi"" e(u"t#. 6i,her Qua"ity 6air&ut(

%. 6i,her ri&ed 6air&ut(C. C"eaner= !re Sanitary %arber Sh!p(+. $!3er ri&ed 6air&ut(E. !re %arber( 'n )he )rade

4@. Supp!(e # !!r er(!n Stea"( I10=000 9r!m # idd"e 'n&!me er(!n. E&!n!mina"y(i( )e""( *( )hat#. )here '( #n E&!n!mi& $!(( 9!r )he S!&iety #( # Wh!"e

%. )here '( #n E&!n!mi& ain 9!r )he S!&iety #( # Wh!"eC. # ub"i& !!d Wi"" *(ua""y %e ur&ha(ed With )he !ney+. We Cann!t %e Sure Whether )here '( E&!n!mi& ain Or $!(( 9!r )he S!&iety #(# Wh!"eE. )he %eneit )! )he !!r er(!n E;&eed( )he C!(t )! )he idd"e 'n&!me er(!n

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4D. )he !(t $ike"y E&!n!mi& Ee&t( O )he $e,a"izati!n O ariLuana #re#. #n 'n&rea(e 'n %!th Supp"y #nd +emand%. # 9a"" 'n )he ri&e O ariLuanaC. #n 'n&rea(e 'n ariLuana *(e+. #n 'n&rea(e 'n )he Qua"ity O ariLuana

E. #"" O )he #b!e


4. Whi&h O )he 9!""!3in, Shit( %e(t epre(ent( )he $ike"y Ee&t O $e,a"izin,ariLuana#. +1)! +2%. +2)! +1C. S2)! S1+. +1)! +2#nd S1)! S2E. +2)! +1#nd S1)! S2

50. ' )he arket 9!r ariLuana Chan,e( 9r!m '""e,a" )! $e,a"= Supp"y Wi""#. 'n&rea(e%. +e&rea(eC. Shit )! )he $et+. 7!t %e #e&tedE. %e&!me Steeper

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51. Cure( +1#nd S1epre(ent )he arket 9!r ariLuana ' 't '( '""e,a".$e,a"izati!n O ariLuana Wi"" Cau(e Eui"ibrium ri&e #nd Quantity )! Chan,e )!#. 1#nd Q2%. 2#nd Q1

C. 8#nd Q4+. 4#nd Q8E. 7!ne O )he #b!e

52. ' )he arket 9!r ariLuana Chan,e( 9r!m $e,a" )! '""e,a"= +emand Wi""#. 'n&rea(e%. +e&rea(eC. Shit )! )he i,ht

+. 7!t %e #e&tedE. %e&!me Steeper

58. 'n #dditi!n )! )he Chan,e 'n Supp"y= +emand= ri&e= #nd Quantity= $e,a"izati!nO ariLuana W!u"d 6ae Whi&h O )he 9!""!3in, Ee&t(#. 'mpr!ed Qua"ity%. $e(( Crimina" #&tiityC. # +e&rea(e 'n e(!ur&e( 7eeded 9!r Crime reenti!n+. #"" O )he #b!e

E. 7!ne O )he #b!e

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Que(ti!n( 54 - 5D eer )! )he raph %e"!3.

54. Whi&h O )he 9!""!3in, Shit( %e(t epre(ent( )he $ike"y Ee&t O r!hibiti!nOn )he arket 9!r %eer#. +1)! +2%. +2)! +1C. S2)! S1+. +1)! +2#nd S1)! S2E. +2)! +1#nd S2)! S1

55. With r!hibiti!n= Supp"y 'n )he arket 9!r %eer Wi""#. 'n&rea(e%. +e&rea(eC. Shit )! )he i,ht+. 7!t %e #e&tedE. %e&!me 9"atter

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5. With r!hibiti!n= +emand 'n )he arket 9!r %eer Wi""#. 'n&rea(e%. +e&rea(eC. Shit )! )he i,ht

+. 7!t %e #e&tedE. %e&!me 9"atter

5@. Cure( +2#nd S2epre(ent )he arket 9!r %eer ' 't '( $e,a". r!hibiti!n Wi""Cau(e Eui"ibrium ri&e #nd Quantity )! Chan,e )!#. 1#nd Q2%. 2#nd Q1C. 8#nd Q4

+. 4#nd Q8E. 7!ne O )he #b!e

5D. 'n #dditi!n )! )he Chan,e 'n Supp"y= +emand= ri&e= #nd Quantity O %eer=r!hibiti!n W!u"d 6ae Whi&h O )he 9!""!3in, Ee&t(#. 'mpr!ed Qua"ity%. $e(( Crimina" #&tiityC. # +e&rea(e 'n e(!ur&e( 7eeded 9!r Crime reenti!n+. #"" O )he #b!e

E. 7!ne O )he #b!e

5. Whi&h O )he 9!""!3in, W!u"d 7!t e(u"t 9r!m )he $e,a"izati!n OariLuana#. # 9a"" 'n )he ri&e O ariLuana%. #n 'n&rea(e 'n )he Qua"ity O ariLuanaC. # Si,nii&ant 'n&rea(e 'n )he Supp"y O ariLuana+. # Si,nii&ant 'n&rea(e 'n )he +emand 9!r ariLuana

E. # +e&rea(e 'n )he Supp"y O ariLuana

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0. e!p"e Ch!!(e )! arti&ipate 'n Crimina" #&tiitie( %e&au(e#. )heir 'mp"i&it C!(t( #re $!3%. )hey 6ae # Str!n,= *nre(trained Em!ti!nC. )he r!babi"ity O ettin, Cau,ht '( $!3

+. )he !tentia" eturn '( 6i,hE. #"" O )he #b!e

1. E&!n!mi&( E;p"ain( )he +e&i(i!n )! arti&ipate 'n Crimina" #&tiitie( !(tOten 'n )he Ca(e O#.

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4. Whi&h O )he 9!""!3in, '( #n E;p"i&it C!(t O #n '""e,a" ariLuana r!3in,Operati!n )he C!(t O#. $and%. E"e&tri&ity

C. 9erti"izer #nd e(ti&ide(+. $ab!rE. #"" O )he #b!e

5. Whi&h O )he 9!""!3in, '( #n 'mp"i&it C!(t O #n '""e,a" ariLuana r!3in,Operati!n#. 9!re,!ne 'n&!me +ue )! )ime Spent ana,in, )he Operati!n%. $!(t )ime ' )he ana,er '( Cau,ht

C. $!(t $iberty ' )he ana,er '( Bai"ed+. )he )hey #"" ! 'nt! )he Ca"&u"ati!n O 'mp"i&it C!(t(?

@. Whi&h O )he 9!""!3in, +e&rea(e( # er(!n( 'mp"i&it C!(t O En,a,in, 'n )he'""e,a" r!du&ti!n O ariLuana#. C!n&ern #b!ut S!&ia" Standin,%. *nemp"!ymentC. #n 'nten(e 9ear O 'n&ar&erati!n

+. # 6i,h r!babi"ity O ettin, Cau,htE. #"" O )he #b!e

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D. When #n 'ndiidua" 'n&ur( C!(t( 'n )he 9!rm O 7e,atie er(!na" Sati(a&ti!n=)he C!(t( #re#. Opp!rtunity C!(t(%. 'mp"i&it C!(t(

C. (y&hi& C!(t(+. (y&hi& 'n&!meE. E;terna"itie(

. Whi&h O )he 9!""!3in, 'n&rea(e( )he Chan&e( )hat # er(!n Wi"" En,a,e 'nCrimina" #&tiity#. # 6i,h er&eied r!babi"ity O ettin, Cau,ht%. # $!3 !tentia" ay-O 9r!m )he Crime

C. )he #bi"ity )! e(train Em!ti!n(+. # $!3 Opp!rtunity C!(tE. 7!ne O )he #b!e

@0. When #n 'ndiidua" e&eie( %eneit( 9r!m # %u(ine(( Endea!r 'n )he 9!rmO er(!na" Sati(a&ti!n= )he %eneit( #re n!3n #(#. Opp!rtunity C!(t(%. 'mp"i&it C!(t(C. (y&hi& C!(t(

+. (y&hi& 'n&!meE. E;terna"itie(

@1. Whi&h O )he 9!""!3in, Wi"" 'n&rea(e )he 'mp"i&it C!(t( O C!mmittin, #Crime#. +e&rea(ed Crime reenti!n E;penditure(%. +e&rea(ed r!babi"ity O ettin, Cau,htC. 'mpr!ed B!b Opp!rtunitie(

+. !re $enient Senten&in,E. $e(( Seere ena"tie(

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@2. Whi&h O )he 9!""!3in, C!u"d E;p"ain Why Crimina"( C!mmit Crime( )hat #reuni(hed %y )he +eath ena"ty#. )hey er&eie )hat )he r!babi"ity O ettin, Cau,ht '( er!%. )he Crime '( # ACrime O a((i!n.A

C. )heir Opp!rtunity C!(t '( er!+. )he %eneit O )he Crime '( 'niniteE. #"" O )he #b!e

@8. Whi&h O )he 9!""!3in, !"i&ie( C!u"d 'n&rea(e )he C!(t O C!mmittin,Crime(#. B!b )rainin, r!,ram(%. 'n&rea(ed Emp"!yment Opp!rtunitie(

C. 6i,her Crime reenti!n %ud,et(+. !re Seere ena"tie(E. #"" O )he #b!e

@4. S!me e!p"e ie *p 6i,h-ayin, City B!b( )! $ie u&h Simp"er= ura" $ie(.Whi&h O )he 9!""!3in, '( # S!und E&!n!mi& E;p"anati!n 9!r )hi(#. )he

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@. #n E;amp"e O # Semi-riate !!d W!u"d %e#. ea("e( 'n!&u"ati!n r!,ram(%. # 7ei,hb!rh!!d Crime Wat&h r!upC. )a"kin, On # Ce"" h!ne +urin, )he S&reenin, O # !ie

+. #"" O )he #b!e #re Semi-riate !!d(E. 7!ne O )he Ch!i&e( #re Semi-riate !!d(

@@. C!n(umer atin,( O r!du&t( On"ine= $ike )he a,at( e(taurant uide #ndEpini!n( Can %e C!n(idered E;amp"e( O#. riate !!d(%. ub"i& !!d(C. Semi-riate !!d(

+. E;perien&e !!d(E. W!rth"e((= Sin&e N!u +!nt n!3 Wh! '( +!in, )he eie3in,

@D. E&!n!mi(t( )hink )hat N!u Can #na"yze Why 'ndiidua"( C!mmit Crime(%e&au(e#. Crimina"( #re #"3ay( )ryin, )! Obtain !netary ain(%. Crimina"( Wei,h )he C!(t( #nd %eneit( #((!&iated With )he C!(t( OC!mmittin, # CrimeC. Crime 6a( C!(t( )! S!&iety

+. #"" O )he #b!eE. 't '( 7!t !((ib"e )! #na"yze )he C!mmi((i!n O Crime( *(in, E&!n!mina"y(i(

,rue - )alse Questions

@. urder '( %!th '""e,a" #nd 'mm!ra".

D0. Current ep!rt( On Crime #re C!n&erned S!"e"y With )he 7umber O Crime(C!mmitted #nd 7!t With +!""ar E(timate( O )heir C!(t.

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D1. )he Crimina"ity O Spe&ii& #&t( Can %e #(&ertained %y Ea"uatin, )heir!ra"ity Or 'mm!ra"ity.

D2.

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D. )hank( )! )he +ata-C!""e&tin, #&tiitie( O )he *.S. +epartment O Bu(ti&e= We7!3 6ae

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@. ' )he C!rre&t #m!unt 6a( %een %ud,eted 9!r Crime reenti!n #&tiitie(= )he$a(t +!""ar Spent Sh!u"d Nie"d #ppr!;imate"y One +!""ar( W!rth O #dditi!na"%eneit(.

D. Crime reenti!n #&tiitie( Sh!u"d= ' Ee&tie= ai(e dp #b!e )he $ee")hat 't W!u"d %e 'n )heir #b(en&e.

. )he E&!n!mi& C!(t O Crime reenti!n '( )he

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104. Crime reenti!n #&tiitie( Sh!u"d %e E;panded )! )he !int #t Whi&h )heirar,ina" S!&ia" %eneit '( Eua" )! )heir ar,ina" S!&ia" C!(t(.

105. 'n )he *nited State(= )he 9edera" !ernment Spend( !re 9!r C!rre&ti!n()han State #nd $!&a" !ernment(.

10. Crime reenti!n '( #n E;amp"e O # A9reeA !!d Sin&e 't ai(e( dp #b!e)he $ee" )hat 't W!u"d %e 'n )he #b(en&e O reenti!n.

10@. )he Euimar,ina" rin&ip"e ay %e #pp"ied Ee&tie"y #ny )ime # 9i;ed%ud,et u(t %e #""!&ated #m!n, C!mpetin, *(e(.

10D. )he Euimar,ina" rin&ip"e '( Sati(ied When We Spend )he Same #m!unt O!ney On )he !"i&e= C!urt(= #nd ri(!n(.

10. )rai&kin, 'n '""e,a" !!d( #nd Seri&e( #dd( )! )he We""-%ein, OC!n(umer(.

110. ' #b!rti!n '( ade '""e,a"= +emand #nd Supp"y Wi"" 9a"".

111. )he E&!n!mi& Ee&t( O r!hibiti!n O #"&!h!"i& %eera,e( 'n&"ude #+e&rea(e 'n Supp"y= #n 'n&rea(e 'n ri&e= #nd # +e&rea(e 'n Qua"ity.

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112. )he $e,a"izati!n O ariLuana W!u"d %e *n"ike"y )! reat"y 'n&rea(e )he+emand 9!r )he !!d.

118. )rai&kin, 'n '""e,a" !!d( #nd Seri&e( 7e&e((ari"y edu&e( )he E&!n!mi&We"are O # S!&iety.

114. # %ud,et '( #""!&ated Ei&ient"y When #"" 9un&ti!n( Within )he %ud,ete&eie )he Same #m!unt O 9undin,.

115. )he +emand 9!r #b!rti!n( W!u"d 9a"" Si,nii&ant"y ' )he Seri&e Were ade'""e,a".

11. (y&hi& 'n&!me eer( )! )he Sati(a&ti!n e&eied 9r!m #ttendin, Cu"tura"Eent( $ike Spe&ia" Sh!3in,( #t #n #rt a""ery.

11@. )he )!ta" eenue 9r!m # %u(ine(( 'n&"ude( )he !ney 'n&!me )he %u(ine(()ake( 'n #nd #ny (y&hi& 'n&!me )he O3ner( e&eie.

11D. ' )he $ike"ih!!d O %ein, Cau,ht C!mmittin, # Crime '( $!3= )he SeerityO )he ena"ty '( O $itt"e 'mp!rtan&e )! !tentia" Crimina"(.

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11. )he $e,a"izati!n O ariLuana W!u"d Cau(e # %i, 'n&rea(e 'n )he +emand 9!r)he +ru,.

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120. )he $e,a"izati!n O ariLuana W!u"d $ead )! # Si,nii&ant 'n&rea(e 'n )heQua"ity O )he +ru, #ai"ab"e On )he Street(.

121. akin, #b!rti!n Seri&e( '""e,a" W!u"d $ead )! # $ar,e +e&rea(e 'n )he+emand 9!r )he Seri&e.

122. e&reati!na" #&tiitie( 9!r N!uth( 'n +epre((ed #rea( i,ht 6e"p edu&eCrimina" #&tiitie( %y 'n&rea(in, )he Opp!rtunity C!(t O C!mmittin, Crime(.

128. )he

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12@. e!p"e #re !re $ike"y )! C!mmit Crime( ' )hey er&eie )he r!babi"ity Oettin, Cau,ht '( $!3.

12D. )he Opp!rtunity C!(t O Bai" )ime '( What N!u C!u"d 6ae +!ne 6ad N!u 7!t%een 'n Bai".

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ECO 405 Week 4 Quiz