An example of a free rider would be someone who
Question 1 options:
Eats candy at your house without offering you money for it
Receives welfare or any other government assistance
Cares about saving rhinos but doesn’t contribute to preserving them
Gets a ride on a bus for free
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Question 2 (1 point)
Description: uestion 2 Unsaved
Question 2 options:
When people are paid on commission, they work harder. Commission payment in this situation plays a role of an
Description: pell check
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Question 3 (1 point)
Description: uestion 3 Unsaved
In the United States teachers’ pay is not linked to their performance. This creates a situation in which most talented teachers
Question 3 options:
Continue to teach for the love of their profession
Stop caring about teaching but continue teaching
Find jobs in other areas that pay more
Receive bonuses for their excellent performance
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Question 4 (1 point)
Description: uestion 4 Unsaved
The policy requiring infants to have their own seat on the airplane led to
Question 4 options:
More parents flying with their children as they felt flying became safer
More parents driving with their children to their point of destination
Smaller number of flying accidents involving children
None of the above
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Question 5 (1 point)
Description: uestion 5 Unsaved
When Burger King offers customers a free meal if they don’t receive their receipt it’s trying to solve a
Question 5 options:
Supply and demand problem
Principle-agent problem
Corporate fraud problem
All of the above
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Question 6 (1 point)
Description: uestion 6 Unsaved
The reason for which fisherman do not trust each other well enough to coordinate an outcome that would make them better off is another
example of a real life “prisoners’ dilemma”
Question 6 options:
True
False
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Question 7 (1 point)
Description: uestion 7 Unsaved
When Wal-Mart opens its store and small shops go out of business it illustrates the concept of
Question 7 options:
Creative destruction
Prisoners dilemma
Principle-agent
Supply and demand
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Question 8 (1 point)
Description: uestion 8 Unsaved
The “marriage” tax mentioned in the book refers to
Question 8 options:
Tax paid by couples once they get married
Tax that encourages second earners to stay home
Tax married couples pay if they decide to get divorced
Tax that encourages mothers go back to work
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Question 9 (1 point)
Description: uestion 9 Unsaved
Economists consider the most efficient tax to be
Question 9 options:
Progressive tax
Pigouvian tax
Income tax
A lump-sum tax
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Question 10 (1 point)
Description: uestion 10 Unsaved
We should not be taxing red sports cars because
Question 10 options:
This tax is easily avoidable
This tax is paid only by those interested in sports cars
This tax is paid only by rich
This tax is paid only by poor
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