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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define externalities in your own words.
💡 Hint: Think of an example where a factory impacts the community.
Question 2
Easy
What are public goods? Give an example.
💡 Hint: Consider items that everyone can access freely.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is an externality?
- A market price manipulation
- A cost not accounted in transactions
- A public good provided free of charge
💡 Hint: Consider the hidden costs of pollution.
Question 2
True or False: Public goods can be provided by private entities.
- True
- False
💡 Hint: Think of examples like community parks.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Design a cap-and-trade system for a hypothetical city struggling with air pollution. Describe the steps to implement it and potential challenges.
💡 Hint: Think about how to balance economic activity with environmental integrity.
Question 2
Critically evaluate a case study where a tax on carbon emissions helped reduce pollution in a specific region. What metrics would you use to assess its success?
💡 Hint: Consider both environmental and economic factors.
Challenge and get performance evaluation