Economics Questions

Which welfare term describes welfare programs that restrict benefits by some demographic characteristic?in-kind welfarecategorical welfaremeans-tested welfarenon-hedonic welfare

Which is a moral hazard associated with transferring money from high-income to low-income groups?- Individuals may reduce their labor supply to qualify for the means-tested transfers.- The taxation of higher-income individuals may cause them to work less hard.- The taxation of higher-income individuals may cause them to save less.- The administrative costs of the transfer are high.

The two main obstacles that stand in the way of effect government action to control pollution are

The two main types of non point water pollution are ___ and ___

A benefit costs ratio ______ means total benefits exceed total costs, a benefit cost ratio _____ means total costs exeed total benefits. However, benefit cost ratios tell us nothing about whether a proposed policy is _____

Which criteria air pollutant has proved the most difficult to control

Absolute levels of water quality have failed to improve much in large measure because

The ability of punishment levels and detection and condition probability to substitute for one another is what economists call

The one act of environmental legislation that has an ecological sustainability standards as its goings in the United States is the

After more than 2 full decades of extensive environmental regulation the record is clearest for

The _________ estimates a demand curve for a non market good based on the amount of money that people spend to use the resource

_____ states that people may adopt the status quo as their reference point and demand higher compensation to allow environmental degradation than they are willing to pay for making improvements

Positional competition generates costs of consumption not borne by the consumer , these are negative ___ externalities

The EPA is recited to perform benefit cost studies known as________ on any regulation expected to cost 100 million or more

The_______ hypoythjesis argues that pollution taxes could not only reduce pollution but could also reduce taxes on capital and labor thus making the whole economy operate more efficiently

The ____ argues that regulation, while imposing short run costs on firms often enhance their long run competive ness

In the ecological view as opposed to the neo classical view, sustainability requires handling down to future generations-

The _____ that followed WWII centered around new hybrid forms of wheat, rice, and corn seeds that produced much higher yields than conventional seeds

The ____ effect is the purchase of expensive goods in order to signal to others that the owner is wealthy IE conspicuous consumption

The ____ tells us that the wealthiest of a nation are only mildly happier than the poorest of nations