Question 3 If Jimmy Lightfingers would get a lot of utility from your television set, and steals it from you Not yet answered Select one: Points out of 1 O a. his action is productively efficient. Flag question O b. his action is allocationy efficient. O c. his action is allocation efficient if I was planning to sell the TV set anyway. O d. his action is allocationy inefficient, since he is harming me, and there is no guarantee that he gets more utility from the TV than I do. O e. his action will promote efficiency, since I will not be able to waste time watching TV. Question 4 Government-owned public housing is frequently run-down and poorly maintained. An economic explanation for this is that Not yet answered Select one: Points out of 1 O a. government is inherently inefficient and thus cannot maintain the quality of any kind of land or building. Flag question O b. residents in public housing are always lazy or poor people who won't or can't keep it up. O c. there is little incentive for residents in public housing to maintain something that they do not own. O d. governments prefer that public housing is of such poor quality that no one would want to live in it if they had the choice. O e. the government lacks fund to keep up the quality of the housing. Question 5 Trade between two people will occur if Not yet answered Select one: Points out of 1 O a. it makes one of the people worse off without making the other person better off. Flag question O b. one of the people is absolutely better at producing one of the goods than the other person is. O c. the people differ in their relative preferences for the goods they possess. O d. one of the people has more of something than the other person does. O e. at least one of the people has a surplus of some good