Business

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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