Please help me with these 3 microeconomics questions? Thanks!!?
1) Negative externalities can be best defined as the:
a) Costs associated with private production which are shifted to society as a whole
b) Sum of all private costs in a given society
c) Costs of running all units of government
d) Costs of providing public goods and services
2) The marginal tax rate is the:
a) Sum of all individual tax rates
b) Tax rate paid by those with the lowest family incomes
c) Total amount of taxes paid as a percentage of total income
d) Increase in taxes as a percentage of an increase in income
3) What do the following activities have in common?
A person gets a dog whose constant barking annoys neighbor
A car emits exhaust into the atmosphere
Odors from a restaurant bother nearby residents
a) All are examples of external cost.
b) All are violations of antitrust laws.
c) All result from government intervention in the economy.
d) All illustrate a lack of economic security.
- OiyLv 611 months agoFavorite Answer
1. a, 2. d 3. a