Question
Please answer all parts of the question. All of the following are examples of government regulation to correct a market failure EXCEPT __________. a.)emissions testing
Please answer all parts of the question.
All of the following are examples of government regulation to correct a market failure EXCEPT __________.
- a.)emissions testing on cars
- b.)selling pollution credits to chemical companies
- c.)the corporate income tax
- d.)placing a tax on cigarettes
The lack of knowledge regarding relief efforts in a certain region is a type of market failure known as __________.
- a.)negative externalities
- b.)regulatory intervention
- c.)principal-agent problems
- d.)information asymmetry
The decrease in drugs used to treat asthma, cancer and other illnesses due to air-borne pollution is an example of ___________.
- a.)contingent valuation
- b.)healthcare costs
- c.)hedonic pricing
- d.)cost-benefit analysis
Amy recently graduated from college and has not been able to find a job in her chosen field of fashion design yet. Her type of unemployment is __________.
- a.)frictional unemployment
- b.)classical unemployment
- c.)structural unemployment
- d.)cyclical unemployment
Which of the following statements regarding climate change is FALSE?
- a.)Weather volatility has had an impact on the cost of insurance.
- b.)Industrial pollution is a factor in the creation of anthropomorphic climate change.
- c.)Economists believe that the long term effects of anthropomorphic climate change remain uncertain.
- d.)Climate change has resulted in decreased weather volatility.
Until recently, CEOs and management teams at large in U.S. companies have focused solely on __________.
- a.)profit and investment returns
- b.)keeping unions happy and providing a good standard of living for all workers
- c.)keeping up with climate controls put in place by their European counterparts
- d.)meeting the social and environmental obligations set forth by the government
Please give answers with proper explanation
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