20. Congresswoman Alexandria Ocasio-Cortez has sponsored legislation that calls for a 100% drop in CO2 emissions by 2030. Adam Smith would: a. Agree with her plan, arguing that self-interested businesses and consumers should not be left alone to deal with climate change. b. Agree with her, arguing along the same lines as Alexander Hamilton, that government needs to interfere to reduce CO2 emissions further. c. Argue that central-planning - the opposite of what we learned in "I, Pencil" would work more efficiently than allowing businesses to continue to pollute. d. Argue that profit-seeking businesses and self-interested consumers can be trusted to reduce CO2 emissions.23. What is the relationship between occupational licenses and the poverty rate? In the video, "Stupid in America" in what nation did you see competition improving education quality? How did this nation achieve this result? a. Zero; Norway; through greater education funding b. Negative: The United States; by providing free pre-K education c. Positive; Belgium; by allowing parents to select the school of their choice d. Convex; Finland; by requiring that all teachers be certified to teach e. Concave; South Korea: by providing greater union protections for teachers18. President Biden wants to increase the estate tax (the tax on wealth when a person dies) from 23.8% to 43.4%. Based on what we learned from fellow Democrat John F. Kennedy: a. The increase would lead to greater tax revenue and will help poor people gain access to more social welfare benefits with no unintended consequences. b. The increase would lead to no change in revenue over time but less income inequality stemming from a fairer tax code. c. The higher tax would reduce the problem of scarcity for all working poor people d. The increase would be an economically inferior solution to reducing income inequality. In fact, lower taxes - even on the rich - tends to help the poor more. e. B and D only.12. The May 19, 2022, edition of The Wall Street Journal reports that babysitters are now charging upwards of $30 per hour for their work. Who would argue that such a price works to the benefit of everyone who is involved? a. John Locke b. Adam Smith c. The babysitters getting this kind of money.. . . d. The author of "I, Pencil" e. All of the above14. In what category would Adam Smith and the author of "I, Pencil" be pleased with the economic system found in Denmark? In what category would Denmark displease David Crockett and Frederic Bastiat? a. Private property rights tend to be very secure in Denmark; Denmark engages in large-scale plunder of taxpayers to support social welfare programs. b. It is relatively easy to start a new business in Denmark; Denmark has very high income tax rates compared to places like Ireland. c. The level of corruption tends to be lower in Denmark; Denmark tends to follow Alexander Hamilton's perspective on government spending d. Denmark tends to support open markets and low tariffs; Denmark tends to lean towards Franklin D. Roosevelt's views on marginal income tax rates. e. All of the above