How does the increasing use of digital cameras affect the market for traditional camera film?
A) The quantity of traditional camera film demanded decreases.
B) The demand curve for traditional camera film shifts to the left.
C) The quantity of traditional camera film demanded increases.
D) The demand curve for traditional camera film shifts to the right.
B
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Energy Star is a voluntary labeling program designed to identify and promote energy-efficient products to reduce greenhouse-gas emissions. This is an example of a ________ to solve an externality
A) Coasian approach B) Pigouvian approach C) command and control mechanism D) social enforcement mechanism
The funds to pay for police protection are usually raised through taxation because
a. police protection would be hard to provide exclusively to those who voluntarily pay for it b. people would not voluntarily pay salaries to officials who might arrest them c. police protection is a basic necessity d. goods financed through taxation can be guaranteed to all who pay for it e. the government believes that those who receive the benefits from the service should pay for it
Which of the following is included in Singapore's GDP?
a. The value of production by a Singaporean working in the U.S. b. The value of production by an American working in Singapore c. The value of production by a Singaporean that crosses the border to work in Malaysia. d. All of the above are correct.
If the total benefits of a public good exceed the total costs, ______.
a. private firms will not be allowed to produce it b. the government will no longer provide it c. private firms will make it available to consumers d. the government will provide it by using tax dollars