Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Consuming A Good or Service Economics Worksheet
When there is a negative externality, the private market produces [“”, “”] [ Select ] less more than what is socially optimal because it ignores the [“”, “”, “”, “”] [ Select ] external cost external benefit social cost private cost . In order to bring the market closer to the socially optimal outcome, the government could impose a [“”, “”, “”] [ Select ] subsidy tax tariff on the market.
Flag question: Question 2Question 23 pts
When there is a positive externality, the private market produces [“”, “”] [ Select ] less more than what is socially optimal because it ignores the [“”, “”, “”, “”] [ Select ] external cost external benefit social beneift private benefit . In order to bring the market closer to the socially optimal outcome, the government could impose a [“”, “”, “”] [ Select ] subsidy tax tariff on the market.
Flag question: Question 3Question 32 pts
The ideal tax is equal to the amount of the [“”, “”, “”] [ Select ] social cost external cost private cost .
The ideal subsidy is equal to the amount of the [“”, “”, “”] [ Select ] social benefit external benefit private benefit .
Flag question: Question 4Question 43 pts
When a positive externality is present, the [“”, “”, “”] [ Select ] social cost external cost external benefit must be added to the private benefit to find the [“”, “”, “”, “”] [ Select ] external cost social cost private benefit social benefit . The socially optimal quantity and price can be found where the private cost curve crosses the [“”, “”, “”, “”] [ Select ] private cost external cost social cost social benefit curve.
Flag question: Question 5Question 53 pts
When a negative externality is present, the [“”, “”, “”] [ Select ] social cost external cost external benefit must be added to the private cost to find the [“”, “”, “”, “”] [ Select ] external cost social cost private benefit social benefit . The socially optimal quantity and price can be found where the private benefit curve crosses the [“”, “”, “”, “”] [ Select ] private cost external cost social cost social benefit curve.
Flag question: Question 6Question 61 pts
An external cost occurs when producing or consuming a good or service imposes a [“”, “”] [ Select ] benefit cost (negative effect) upon a third party.
Flag question: Question 7Question 71 pts
An external benefit occurs when producing or consuming a good or service imposes a [“”, “”] [ Select ] benefit cost (positive effect) upon a third party.
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Consuming A Good or Service Economics Worksheet |