Question 1: The annual income that can be consumed without diminishing the total

ID: 1163563 • Letter: Q

Question

Question 1:

The annual income that can be consumed without diminishing the total capital assets of a nation is

Question 2:

Maintaining the rainforest is very important because

Question 3:

Which of the following leads to an underallocation of resources to a specific economic activity?

Question 4:

The free-rider problem plagues public goods because

Question 5:

Which of the following methods could be used to correct for external costs?

Question 6:

To correct for a negative externality, a government might impose a uniform tax related only to the physical quantity of pollution if

Question 7:

In order to internalize the externality due to pollution, the government should impose a tax based on

Question 8:

In a market for emission permits, firms that emit over their allowed limits

Question 9:

The 1997 Kyoto Protocol was signed by

Question 10:

The problem of overfishing in waters that are commonly owned can be solved by

purchasing power parity income.

It is the sustainable national income that can be consumed, without making any diminishing impact upon the nation’s capital stock.

Rain forests help in managing the world climate as it absorbs the CO2 and cleans air .

Pubic goods are neither excludable nor rivalrous in nature. It makes unable to stop anyone from consuming it.

It can be tax, or implementation of technology or trading of carbon credits, that can be used to correct the external costs.

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