MGT610 Quiz 3 by HB

Q1. Who should receive the benefits of pollution control?

1. Who bear the internal cost
2. Who bear the product cost
3. Who bear the external cost HB
4. Firm

Q2. How many types of chemical compounds are currently being used in the USA?

1. 55,000
2. 50,000
3. 60,000

Q3. What will happen when consumers want and will willingly pay for something?

1. No one will cater their wishes
2. Consumers will cater their wishes
3. Sellers will cater their wishes HB
4. Both sellers and consumers will cater their wishes

Q4. Which one of the following is the principal Utilitarian remedy for pollution?

1. To maximize the total social cost of production
2. To minimize the total social cost of production
3. To externalize internal costs of production
4. To internalize external costs of production HB

Q5. Internalizing external costs consistent with all except?

1. Social justice
2. Retributive justice HB
3. None of the above
4. Compensatory justice

Q6. The spirituality advanced by social ecology is:

1. Pantheistic
2. Super-naturalistic
3. None of the given options

Q7. Which of the following causes the acid rain and global warming?

1. Pollution
2. Toxic substance
3. Airborne toxic
4. Burning fossil fuels HB

Q8. Which of the following social practice is an example of system of hierarchy?

1. Egalitarianism
2. Impartiality
3. Equality

Q9. Which of the following view can be seen as a middle ground between the other two? Those who advocate this view do not wish to lose the economies of scale offered by large corporations, but they also wish to ensure that large firms do not harm the consumers.

1. Business View
2. Regulation view
3. Antitrust View HB
4. Normative View

10.

Critics of market approach argued that the benefits of free markets can only be obtained, when?

1. Markets have first five characteristics of free market
2. Markets have last five characteristics of free market
3. Markets have all the defining characteristics of free market
4. Markets have no defining characteristics of free market