Please answer all questions completely!! Question 1 Not yet answered Points out
ID: 1164428 • Letter: P
Question
Please answer all questions completely!! Question 1 Not yet answered Points out of 1 P Flag question pioneered the use of individual transferable quotas. Select one: O a. Japan b. Australia O c. The United States of America O d. New Zealand Question 2 Not yet answered Points out of 1 P Flag question Cable TV is an example of a: Select one: O a. nonrival private good. O b. public good. Oc. private good. o d. common resource. Question 3 Not yet answered Points our of 1 P Flag question Antiblotics tend to be overused. as the producers of antiblotics are required to bear all the costs of antibiotic use. Select one: OTrue FalseExplanation / Answer
Q 1.
d. New Zealand
New Zealand was the first country to adopt individual transferable quota as national policy.
Q.2
a. non rival private good
Cable TV is an example of non-rival private good because its consumption by one consumer doesn’t prevent consumption by another consumer.
Q.3
False
As customers also bear the cost of antibiotic use.
Q.4
d. would prohibit a private solution to the external cost.
Q.5
c. people other than the consumers or producers trading in the market.
Because an external benefit is when producing and consuming a good gives a benefit to third party other than consumer or producer.
Q.9
c. the market is more efficient than if the externalities were not present.
Q.10
a. a forced rider
Because Sarah is required by law to share in the costs though she doesn’t deserve it.