Choose the incorrect statement about lobbying:

From the figure, US government revenue from the tariff is

Which of the following is an example of an implementation stage in normal political development being replaced by private politics?

Which of the following is an example of an implementation stage in normal political development being replaced by private politics?

For the next 4 questions, use the following scenario: The first table presents a polluting firm’s private benefit/cost functions and social benefit/cost functions. The second table presents four scenarios of the tradeable pollution permits market. Production Quantity MSB=MPB   MPC   MSC 1 $60 $15 $45 2 55 25 55 3 50 35 65 4 45 45 75 5 40 55 85 6 35 65 95 7 30 75 105     Tradable Pollution Permit Scenarios Firm’s endowment of Permits Market Price per Permit Scenario A 1 permit $40 Scenario B 2 permits $30 Scenario C 3 permits $20 Scenario D 4 permits $10  

Which of the following is not example of or not related to moral hazard:

For the next 4 questions, use the following scenario: The first table presents a polluting firm’s private benefit/cost functions and social benefit/cost functions. The second table presents four scenarios of the tradeable pollution permits market. Production Quantity MSB=MPB   MPC   MSC 1 $60 $15 $45 2 55 25 55 3 50 35 65 4 45 45 75 5 40 55 85 6 35 65 95 7 30 75 105     Tradable Pollution Permit Scenarios Firm’s endowment of Permits Market Price per Permit Scenario A 1 permit $40 Scenario B 2 permits $30 Scenario C 3 permits $20 Scenario D 4 permits $10  

There are six firms in an industry with sales at $1 million, $3 million, $5 million, $7 million, $8 million, and $12 million, respectively. The four-firm concentration ratio is:

For the next 3 questions, use the following scenario: The table shows the number of outputs US and Canada producers can make in one hour. The figure shows US tariff effect upon a certain imported good.     US Canada Bread 4 loaves 3 loaves Steel 3 tons 2 tons

For the next 3 questions, use the following scenario: A monopoly firm is facing a cost function of C=5*Q^2 (MC=10*Q) and a demand function of P=200-45Q (MR=200-90Q).