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811 A drunken passenger on a train sets off the alarm for no good reason, and the train comes to a halt. There is then a long delay before it sets off again. This delights a small boy who enjoys the kerfuffle, but it irritates the other passengers and holds up a freight train behind. Which of the following externalities from consumption has the passenger not created? Открыть
812 Suppose both the production and the consumption of a product generate externalities. At which of the following outputs would output be at the Pareto-efficient level Открыть
813 Suppose a large city has several power stations which all emit CO2. The government wants to reduce CO2 emissions, but knows that it will cost some power stations more than others to reduce their emissions. In order to secure the most reduction from the stations which would find it cheapest to cut back, which of the following policies would be best? Открыть
814 Return to the city in the last question. Suppose the government wishes to reduce CO2 emissions but does not want to measure them. Which of the following policies would be best? Открыть
815 Which of the following statements is true? Открыть
816 Which of the following statements about rational expectations is false? Открыть
817 Consider a fishing ground. Which of the following statements is false? Открыть
818 Which of the following problems may be caused by asymmetric information? It may lead to an adverse selection of used cars being offered for sale It may lead to an adverse selection of borrowers applying for loans at a bank It may lead to an adverse selection of drivers applying for comprehensive car insurance Открыть
819 Which of the following statements is false? Открыть
820 Suppose inflation over the next year is expected to be 5%, and assume there are no supply shocks. What rate of inflation will the short-run Phillips curve show at the natural rate of unemployment? Открыть