Question 7 In Santa Monica, California, it was reported that a “finder’s fee”—an up-front payment of up...

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Economics

Question 7

In Santa Monica, California, it was reported that a “finder’sfee”—an up-front payment of up to $5,000—was being required ofprospective tenants seeking to rent special apartments. What isthis an example of?

the black market

a price floor

price gouging

a government price ceiling

Question 8

Mesa Petroleum Company built a small park in front of itscorporate office. This is an example of __________.

imposing external costs on its shareholders

providing a pure public good

providing external benefits to the community

assuming city responsibilities

Question 9

What is the most frequently cited example of an externality?

service charges

public protest

pollution

sales taxes

Question 10

A negative externality exists when __________.

all costs are taken into account in the demand curve

all costs are taken into account in the supply curve

the market demand curve is not the true demand curve

the marginal social costs are not taken into account in thesupply cur

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Question 7 In Santa Monica California it was reported that a finders feean upfront payment of up to 5000was being required of prospective tenants seeking to rent special apartments What is this an example of    See Answer
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