Remote Sensing And Geographical Information All Quiz Answers

14Student:1.Ifagoodcanbeconsumedbyonepersonwithoutreducingtheavailabilityofthegoodtoothers,thisgoodisa(n)A.nonexcludableB.purepublicC.commonD.nonrivalgood.2.TosaythataparticulargoodisnonrivalmeansthatA.ithasnosubstitutes.B.consumerscanenjoyitwithoutpayingforit.C.consumptionofthegoodbyonepersondoesnotdiminishtheavailabilityofthegoodtoothers.D.consumptionofthegoodbyonepersonreducestheavailabilityofthegoodtoothers.3.Ifitisimpossibleorhighlycostlytopreventconsumersfromconsumingagoodwhentheyhavenotpaidforit,thegoodisa(n)A.nonexcludableB.purepublicC.privateD.nonrivalgood.4.CleanairisanexampleofagoodthatisA.neithernonrivalnornonexcludable.B.largelynonrivalandnonexcludable.C.onlynonexcludable.D.onlynonrival.5.Whichofthefollowingitemsisanexampleofanonrivalbutexcludablegood?A.Pay-per-viewmovies.B.Corn.C.Nationaldefense.D.BroadcastTV.6.Aaron'sneighborCliffkeepshisfrontyardwell-manicuredandplantsbeautifulflowerswhichAaronenjoys.IflocallawpreventsClifffromfencinghisyard,thebeautyofCliff'sfrontyardisA.nonrival.B.aprivategood.C.nonexcludable.D.bothnonrivalandnonexcludable.7.TheswingsetatapopularandunfencedpublicparkisA.nonrival.B.nonexcludable.C.acollectivegood.D.apurepublicgood.8.Yourstatedepartmentoftransportationisconsideringinstallingtollboothsandgatesononeofthefreewaysthatrunsthroughanunpopulatedpartofthestate.Ifthisisadopted,agoodthatiscurrentlya(n)A.publicgoodwillbecomeaprivategood.B.nonrivalgoodwillbecomearivalgood.C.nonexcludablegoodwillbecomeanexcludablegood.D.rivalgoodwillbecomeanexcludablegood.9.Agoodorservicethatisbothhighlynonrivalandhighlynonexcludableisa(n)andagoodorservicethatpossessessomedegree(butnotahighdegree)ofbeingbothnonrivalandnonexcludableisaA.publicgood;purepublicgood.B.purepublicgood;publicgood.C.purepublicgood;privategood.D.publicgood;privategood.10.AgoodorservicethatisrivalbutistosomeextentnonexcludableiscalledaservicethatisnonrivalbutisexcludableisreferredtoasaA.publicgood;privategood.B.commonsgood;publicgood.C.commonsgood;collectivegood.D.publicgood;collectivegood.11.AgoodorservicewhichisbothrivalandexcludableisaA.publicgood.B.privategood.C.collectivegood.D.commonsgood.12.ApurepublicgoodisonethatisA.highlynonrivalandnonexcludable.B.slightlynonrivalandnonexcludable.C.nonexcludable.D.highlynonrivalbutonlyslightlynonexcludable.13.AcollectivegoodisonethatisA.toadegreenonrivalbutisexcludable.B.rivalbuttoadegreenonexcludable.C.consumedbymorethanoneperson.D.toadegreebothnonrivalandnonexcludable.14.Ofthefollowing,thebestexampleofapurepublicgoodisA.cableTV.B.anationalpark.C.nationaldefense.D.education.,andagoodor15.SupposethatthelatestIndianaJonesmovieplayedintheatersfirst,whereitwassoldoutduringitsopeningweek.Severalmonthslateritwasavailableonpay-per-viewTV.TwoyearslateritwasshownonCBS,abroadcasttelevisionnetwork.Whenthemoviewasplayingatthetheateritwasagood,whenitwasavailableonpay-per-viewTVitwasagoodandwhenitwasshownonCBSitwasagood.A.private;public;publicB.private;collective;publicC.collective;private;commonsD.collective;commons;public16.SupposethatthelatestIndianaJonesmovieplayedintheatersfirst,whereitwassoldoutduringitsopeningweek.Severalmonthslateritwasavailableonpay-per-viewTV.TwoyearslateritwasshownonCBS,abroadcasttelevisionnetwork.WhenafamilyrentsanIndianaJonesmovieonDVDtowatchtogether,theDVDisaA.publicB.jointlyconsumedprivateC.jointlyconsumedpublicD.privategood.17.AfewyearsagoStanandhiskidsweretheonlypeoplewhofishedinStan'spersonalpond.ThenStanstartedtosellticketstothepublic.Stanleftthepondandthelanditwasontothestateinhiswill,stipulatingthatthelandbeusedasapublicfishingarea.AfterStandiesthepondwillbecomeaA.privateB.commonsC.collectiveD.publicgood.18.AfewyearsagoStanandhiskidsweretheonlypeoplewhofishedinStan'spersonalpond.ThenStanstartedtosellticketstothepublic.Stanleftthepondandthelanditwasontothestateinhiswill,stipulatingthatthelandbeusedasapublicfishingarea.WhenStanstartedtosellticketstothepublictofishinhisponditbecameaA.privateB.commonsC.collectiveD.publicgood.19.AfewyearsagoStanandhiskidsweretheonlypeoplewhofishedinStan'spersonalpond.ThenStanstartedtosellticketstothepublic.Stanleftthepondandthelanditwasontothestateinhiswill,stipulatingthatthelandbeusedasapublicfishingarea.WhenStanandhiskidsweretheonlypeoplefishingintheponditwasaA.privateB.publicC.collectiveD.commons20.Afreewaywithoutanytollsbetween12amand5amisanexampleofaA.collectiveB.publicC.privateD.commonsgood.good.21.WaterflowinginariverisaA.public;commonsB.public;privateC.public;collectiveD.collective;privategood,butasingleservingbottleofwaterisagood.22.AcrowdedbeachwithoutanyentrancefeeisaA.publicB.privateC.purepublicD.commonsgood.23.ApatchofediblemushroomsgrowingwildinanationalforestisaA.publicB.privateC.purepublicD.commons24.Whendealingwithpurepublicgoods,A.thegovernmentmustalwaysprovidethem.B.privatefirmswillalwaysprovidethem.good.C.thegovernmentfrequentlyprovidesthemalthoughprivatefirmsprovidesome.D.privatefirmsprovidenearlyallofthemandthegovernmentprovidesthefewremainingones.56.ApublicgoodthatwouldbenefitKaren,Tammy,andMaxhasaonetimeinstallationcostof$900.Thesethreevotersmustapproveanytaxplanbysimplemajorityandallthreewillcastavote.Sincethegovernmentdoesnotknowandcannotdiscoverthevoters'truereservationprices,itproposesaheadtaxof$300pervoter.TheresultofthereferendumisA.thetaxpassesandthepublicgoodisprovided.B.MaxvotesforthetaxbutKrisandTaylorvoteagainstitanditfails.C.Maxvotesforthetax,KrisvotesagainstitbutTaylor'svoteisuncertain.D.allthreevotersvoteagainstthetax.57.ApublicgoodthatwouldbenefitKaren,Tammy,andMaxhasaonetimeinstallationcostof$900.Thesethreevotersmustapproveanytaxplanbysimplemajorityandallthreewillcastavote.Supposethegovernmentproposesaproportionalincometaxof8%.TheresultofthereferendumwillbethatA.allthreevoterswillvoteforthetax.B.MaxandTaylorwillvoteagainstthetaxbutKriswillvoteforit.C.KrisandMaxwillvoteforthetax,Taylorwillvoteagainstit.D.allthreevoterswillvoteagainstthetax.58.Thetextbookstatesthatempiricalstudieshavefoundthatthedemandforpublicgoodslikepublicparks,environmentalprotectionandpublicsafetyA.isquitepriceinelastic.B.hasasmall,positiveincomeelasticity.C.ispriceelastic.D.hasanincomeelasticityinexcessof1.59.ThedemandcurveforpublicgoodsisconstructedbyA.summingeachvoter'sdesiredquantityofthepublicgoodatvariousreservationprices.B.surveyingvotersonhowmuchofaparticularpublicgoodtheywoulduseatvariousreservationprices.C.summingeachvoter'sreservationpriceforagivenlevelofpublicgood.D.dividingthetotalcostofprovidingthepublicgoodbythenumberofpotentialusers.60.SupposeScott'sdemandforapublicgoodisP=7-.3QandMike'sdemandisP=10-1.5Q.TheequationforsocialdemandforthepublicgoodisA.P=20-3.0Q.B.P=17-1.8Q.C.P=3-1.2Q.D.P=14-.6Q.61.Toderivethemarketdemandcurveforaprivategoodonesumsthe.Forapublicgood,onesumsthe.A.individualquantitiesatvariousprices;individualquantitiesatvariouspricesB.individualpricesatvariousquantities;individualquantitiesatvariouspricesC.individualquantitiesatvariousprices;individualpricesatvariousquantitiesD.individualpricesatvariousquantities;individualpricesatvariousquantities73Threedifferentvotersdemandcurvesforapublicparkareshownonthegraphsbelow.Supposethatthecityreceivesagrantthatpaysonehalfofthecostofeachacrethecitybuys.Ifthecostoflandis$28peracre,theoptimalparksizeisA.8.B.2.C.4.D.6.147.Abillisbeforeyourstatelegislaturetoincreasethesalestaxonbeer.Thelegislatorwithwhomyouinternhasarguedthatthistaxwilldecreasebeerconsumptionsignificantly,andhasaskedyoutoprovideeconomicanalysistobackhimup.YouwillbeabletosupportthistaxasawaytodecreasebeerconsumptionA.unconditionally,becausethelawofdemandstatesthatanincreaseinpricealwayssignificantlyreducesquantitydemanded.B.onlyifyoufindthatdemandforbeerispriceelastic.C.onlyifyoufindthatdemandforbeerispriceinelastic.D.onlyifyoufindthatdemandforbeerisincomeelastic.AACSB:ReflectiveThinkingBlooms:AnalyzeDifficulty:3HardFrank-Chapter14#147LearningObjective:14-04Discussthecriteriathatshouldbeappliedtotaxationinordertopromoteefficiency.Topic:WhatShouldWeTax?148.Thetaxingagencyinyourstatewouldliketoimposeasalestaxinawaythatminimizesdeadweightloss.ToachievethisgoalitshouldtaxA.luxuries.B.allgoodsequally.C.necessities.D.goodsbutnotservices.AACSB:ReflectiveThinkingBlooms:AnalyzeDifficulty:3HardFrank-Chapter14#148LearningObjective:14-04Discussthecriteriathatshouldbeappliedtotaxationinordertopromoteefficiency.Topic:WhatShouldWeTax?149.Supposethatyouhaveestimatedthatdemandforcigarettesamongadultsisdifferentfromthedemandforcigarettesamongteenagers.Thedemandcurvesthatyouhaveestimatedareshownbelow:Supposethecurrentpriceforapackofcigarettesis$3.00.A$1.00perpacktaxoncigaretteshasbeenproposed.TheproposedtaxwillraiserevenueA.toagreaterextentfromadultsthanfromteenagers.B.toagreaterextentfromteenagersthanfromadults.C.equallyfromteenagersandfromadults.D.onlyifdemandismuchmoreinelasticthanyouhaveestimated.AACSB:AnalyticBlooms:ApplyDifficulty:3HardFrank-Chapter14#149LearningObjective:14-04Discussthecriteriathatshouldbeappliedtotaxationinordertopromoteefficiency.Topic:WhatShouldWeTax?14SummaryCategory#ofQuestionsAACSB:Analytic146AACSB:ReflectiveThinking5Blooms:Analyze5Blooms:Apply92Blooms:Remember24Blooms:Understand30Difficulty:1Easy24Difficulty:2Medium31Difficulty:3Hard96Frank-Chapter14151LearningObjective:14-3901Usetheconceptsofrivalryandexcludabilitytodistinguishamongprivategoods;publicgoods;collectivegoods;andcommonsgoods.LearningObjective:14-6402Showhoweconomicconceptscanbeusedtofindtheoptimalquantityofapublicgoodanddescribethewaysinwhichprivatefirmscansupplypublicgoods.LearningObjective:14-3403Analyzethetypesofefficienciesandinefficienciesthatareassociatedwiththeprovisionofpublicgoods.LearningObjective:14-04Discussthecriteriathatshouldbeappliedtotaxationinordertopromoteefficiency.14Topic:GovernmentProvisionofPublicGoods39Topic:Laws,Regulations,andtheQuestionofCentralization34Topic:TheOptimalQuantityofaPublicGood64Topic:WhatShouldWeTax?14