If my neighbour burns garden waste causing my house to fill with smoke this is an example of ?

Related Mcqs:

1. A tariff of ________ would be prohibitive causing imports to fall to zero?

   A. $10
   B. $15
   C. $20
   D. $25

2. The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?

   A. Regional
   B. structural
   C. seasonal
   D. demand-deficient

3. The green house effect is the phenomenon by which ?

   A. biological diversity is dominant in agricultural production
   B. the globe’s water pollution affects plankton
   C. the earth’s atmosphere traps infrared radiation
   D. climatic changes occur naturally in the forest

4. Catalog marketing is big business in the United States. The average house hold receives __________ catalogs per year?

   A. 25
   B. 50
   C. 75
   D. 100

5. If the price of a good is above the equilibrium price ?

   A. there is a surplus and the price will rise
   B. there is a shortage and the price will fall
   C. there is a shortage and the price will rise
   D. The quantity demanded is equal to the quantity supplied and the price remains unchanged
   E. there is a surplus and the price will fall

6. With a positive externality ?

   A. There is under-consumption in the free market
   B. There is over consumption in the free market
   C. The government may tax to decrease production
   D. Society could be made off it less was produced

7. The prisoners Dilemma Game demonstrates that ?

   A. players are better of to act independently
   B. monopoly is better than competition
   C. people will always cheat
   D. players are better off if they co-operate

8. If the price of good is below the equilibrium price ?

   A. there is a shortage and the price will rise
   B. the quantity demanded is equal to the quantity supplied and the price remains unchanged
   C. there is a shortage and the price will fall
   D. there is a surplus and the price will rise

9. A decrease in demand for a products should ?

   A. increase equilibrium price and quantity
   B. Decrease equilibrium price and quantity
   C. Increase equilibrium price and decrease quantity
   D. Decrease equilibrium price and increase quantity

10. Market failure may arise because of ?

    A. imperfect competition
    B. taxation
    C. externalities
    D. missing markets
    E. all of the above