Concept Quiz on Efficiency and More on Transaction Costs

JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.

Enter your initials, then select your alias. There are then 5 questions to answer. You get 5 points simply by submitting the quiz before the deadline. You then earn 1 additional point for each correct answer. Note that each question has the same set of answers to it and that each answer is the right answer for one question and one question only. All of this material is covered in the PowerPoint for the session on Efficiency and More on Transaction Costs. https://uofi.box.com/s/h3vvfbv4v99lgtuy0afyfo5a2scdfiuk The quiz is meant to encourage you to view that. If you have any comments on the quiz, please enter those as well. You can find out your results (how many right answers) immediately after completing the quiz, but it might take some time for the points you've earned to be posted to the class grade book.

Your Initials *

This is to match you with your alias. You can only do the quiz once for credit.

Select Your Alias *

Efficiency Principle *

1 point

One of the causes for market incompleteness.

Surplus not captured by any party as a consequence of a unit tax.

A promise that will be kept because doing so is optimal.

A trade that makes at least on party better off and no party worse off.

Parties to a bargain will produce outcomes that are efficient for them.

Credible Commitment *

1 point

Surplus not captured by any party as a consequence of a unit tax.

A promise that will be kept because doing so is optimal.

One of the causes for market incompleteness.

A trade that makes at least on party better off and no party worse off.

Parties to a bargain will produce outcomes that are efficient for them.

Complexity *

1 point

A trade that makes at least on party better off and no party worse off.

A promise that will be kept because doing so is optimal.

One of the causes for market incompleteness.

Parties to a bargain will produce outcomes that are efficient for them.

Surplus not captured by any party as a consequence of a unit tax.

Deadweight Loss *

1 point

A trade that makes at least on party better off and no party worse off.

Surplus not captured by any party as a consequence of a unit tax.

One of the causes for market incompleteness.

A promise that will be kept because doing so is optimal.

Parties to a bargain will produce outcomes that are efficient for them.

Pareto Improvement *

1 point

A trade that makes at least on party better off and no party worse off.

Surplus not captured by any party as a consequence of a unit tax.

One of the causes for market incompleteness.

Parties to a bargain will produce outcomes that are efficient for them.

A promise that will be kept because doing so is optimal.

Comments

Please enter any comments that you had about the quiz. Was it easy or hard? Are there ways to improve the questions? Other comments are also welcome.

Submit

Clear form

Never submit passwords through Google Forms.

This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy

Forms