Please solve these questions and no cursive

. Internalizing an negative extemality through a government taxes will cause the industry's supply cost curve to a. remain unchanged. b. shift down by an amount less than the subsidy. c. Shi up by an amount equal to the subsidy. d. shift down by an amount greater than the subsidy. . To ensure the market reaches the social optimum in presence of a technology spillover, the government should subsidize producers by a. the use of a tax. b. an amount equal to the value of the technology spillover. c. helping those companies that are adversely affected by the new technology. d. transferring income to the low income portion of the population. 7. All remedies for externalities share the goal of a. moving the allocation of resources toward the market equilibrium. b. moving the allocation of resources toward the social optimum. c. increasing the allocation of resources. d. decreasing the allocation of resources. 8. Dick owns a dog whose barking annoys Dick's neighbor Jane. Suppose that the benet of owning the dog is worth $500 to Dick and that Jane bears a cost of $700 from the barking. Assuming Dick has the legal right to keep the dog, a possible private solution to this problem is that a. Jane pays Dick $400 to get rid of the dog. b. Dick pays Jane $650 for her inconvenience. c. Jane pays Dick $650 to get rid of the dog. d. There is no private solution that would improve this situation. 9. If only a few people are affected by an externality, then it is likely that a. The use of taxes will provide the most efcient solution to the externality. b. government regulation will provide the most efficient solution to the extemality. c. a private solution to the inefciency will be very difcult to negotiate d. None of the above. 10. In Singapore, property taxes on an automobile can exceed the purchase price of a new automobile. Assuming that the tax is a xed percentage of market value, this tax is an example of (i) a policy used to reduce the trafc extemality on congested roads in Singapore. (ii) the government's direct control over the number of automobiles that are purchased. (iii) a policy is used to reduce automobile pollution. a.(i) and (ii) only b.(i) and (iii) only c. (ii) and (iii) only d. All of the above 11. Which of the following is a command-andcontrol policy? Emission subsidies . pollution permits . environmental regulation . all of the above Multiple Choice (3 Points each) Identify the letter of the choice that best completes the statement or answers the question. 1. Negative externalities occur when one person's actions cause another person to lose money in a stock market transaction. b. cause his or her employer to lose business. reveal his or her preference for foreign-produced goods. d. adversely affect the well-being of a bystander (or bystanders) who is (are) not party to a market exchange. 2. To produce honey, beekeepers place hives of bees in orchards and crop fields. As bees gather nectar that hey use to produce honey, they pollinate the orchards and fields increasing their yields of fruit and grain. This arrangement results in a. a positive externality that solely benefits the beekeeper. b. no significant additional b c. a positive externality that benefits only the owner of the fields of fruit and grain. d. positive externalities that benefit both the beekeeper and the owner of the fields of fruit and grain. Use the figure shown to answer the following questions. 3. The figure shown reflects the presence of Private Cost Quantity a. a negative production externality. b. a positive production externality. c. a negative consumption externality. a positive consumption externality. 4. Markets are inefficient when negative production externalities are present because a. private benefits of consumption exceed social benefits of consumption when the market is in equilibrium. b. social costs of production exceed private costs of production when the market is in equilibrium. C. social benefits of consumption exceed private benefits of consumption when the market is in equilibrium. d. private costs of production exceed social costs of production when the market is in equilibrium