6.The bribery of corrupt government officials is an example of __________.

• a.)
• regulatory intervention
• b.)
• negative externalities
• c.)
• information asymmetry
• d.)
• principal-agent problems

7.Analysis of the amount of money the average person spends to vacation in a national park times the number of citizens can be found using which of the following methods?

• a.)
• Healthcare costs
• b.)
• Cost-benefit analysis
• c.)
• Contingent valuation
• d.)
• Hedonic pricing

8.Sally was recently laid off from the travel agency where she worked. Due to the sluggish economy, people were no longer taking vacations.

Her type of unemployment is __________.

• a.)
• frictional unemployment
• b.)
• classical unemployment
• c.)
• structural unemployment
• d.)
• cyclical unemployment

9Lauren realized that the choices she made as a businesswoman in the present will influence people in the future, and are thereforeforms of ____________.

• a.)
• weather volatility
• b.)
• intergenerational decisions
• c.)
• insurance availability
• d.)
• pollution

10.Until recently, CEOs and management teams at large in U.S. companies have focused solely on __________.

• a.)
• profit and investment returns
• b.)
• keeping up with climate controls put in place by their European counterparts
• c.)
• meeting the social and environmental obligations set forth by the government
• d.)
• keeping unions happy and providing a good standard of living for all workers