In which of these scenarios can government intervention improve outcomes beyond what the market could provide? Use class materials as your reference. Scenario A: House prices in a given area go very high due to skyrocketing demand for the area. Scenario B: Cigarette smokers get lung cancer from smoking cigarettes. Scenario C: Used car salesmen are able to sell cars with flaws that buyers can't identify for inflated prices. Scenario D: Fast food restaurants provide junk food to people who want to buy it. Scenario A Scenario B Scenario D Scenario C

Whether a certain criterion is determinant or not is independent of the situation in which a product is consumed. True False   In the context of disposing of consumer refuse, recycling cuts down on garbage while providing raw materials for other new products. True False   Which of the following is a fundamental emotion evoked by positive, anticipatory appraisals that signal uncertainty about a positive outcome?   a. Hope   b. Confusion   c. Surprise   d. Pride     Which of the following best describes chronic, repetitive purchasing behaviors that are in response to negative events or feelings?   a. Addictive consumption   b. Impulsive purchasing   c. Window shopping   d. Compulsive buying       Retaliatory revenge is when a consumer yells insults and makes a public scene in an effort to harm the business. True False

Do you believe expenditures for child care and fitness facilities are warranted from a cost-benefit perspective? Why or why not?

For each of the cases​ below, describe the type of entry barrier that appears to be most relevant. Which of the following describes the type of entry barrier faced for a patented blood pressure​ medication?     A. There is a natural entry barrier for a patented blood pressure medication because entry into the market has been limited through government action.   B. There is a created entry barrier for a patented blood pressure medication because entry into the market has been limited through limited access to key natural resources.   C. There is a created entry barrier for a patented blood pressure medication because entry into the market has been limited through government action.   D. There is a natural entry barrier for a patented blood pressure medication because entry into the market has been limited through price cutting.

a. When the fulfillment of a potestative condition depends upon the sole will of the oblige, the obligation is deemed void. b. Rescission implies a situation where the parties to a contract must be restored as close as possible in their original situation prior to the perfection of the agreement. c. The prerogative to rescind is implied in all obligations provided breach has been committed.  d. A person alternatively bound for the performance of different prestations shall completely perform all of them.   which of the following is true?

Answer with comprehensive

Describe briefly, the hedonic price method of estimating benefits. Use an environmental example to illustrate your answer. Explain why this valutation

Suppose you’re trying to get your friends to go todinner with you. Would it be wiser to frame thedecision as costing only $5 more than the foodthey’d make for themselves, or that it will cost$5 less than every other restaurant around town?

Hedonic pricing and contingent valuation are two ways of valuing environmental benefits. However, they both rely on finding the public's 'willingness to pay for those benefits. Which of the following objections applies to both of these approaches? O It is difficult to know what people are willing to pay. Hedonic pricing ignores many factors other than some environmental issue that may cause variations in market prices. Willingness to pay may be highly unstable over time. What is valued today may be seen as less desirable tomorrow. O Willingness to pay cannot be sepacted from ability to pay. Poor people may not be able to pay even for some of the most valuable environmental 'goods! It relies upon what people say they are willing to pay, which might not be truthful. Overstating the willingness to pay makes it more likely that the policymaker will adopt the improvement in question.

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