Between 2000 and 2013, the world added more than 100 billion tons of carbon to the atmosphere. Between 1998 and 2013, the earth's temperature
a. rose by approximately 3 degrees Fahrenheit.
b. rose by approximately 2 degrees Fahrenheit.
c. showed no significant change.
d. fell by 1.4 degrees Fahrenheit.
C
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Which of the following is not an advantage of user charges?
a. User charges help ration consumption of the taxed good. b. User charges are equitable from the standpoint of the benefit principle of taxation. c. User charges reveal consumer preferences for the taxed good. d. User chargers are easy to apply in cases where the benefits are spread diffusely.
Explain why the social demand curve for a public good is the vertical sum of the demand curves of each individual
What will be an ideal response?
The expected value of a random variable is:
a. the measure of its variability. b. the most likely outcome. c. the outcome that will occur on average. d. the relative frequency of a realization.
Consider the hypothetical supply and demand of Kidneys.
Initially, Kidney exchanges are regulated to donations only. This means kidneys can only be exchanged at a price of zero. What is the deadweight loss from this restriction?
A. $825,000 B. $0 C. $1200 D. $1,350,000