UNT ECON 1100 EXAM 2 COMPREHENSIVE
MICROECONOMICS TEST 2026
COMPLETE QUESTIONS AND ANSWERS
◉ Refer to Figure 3. The total tax revenue collected by government
due to the $2 per unit tax is:
Answer: $36
◉ Refer to Figure 3. The dead weight loss due to the $2 per unit tax
is
Answer: $2
◉ The 'free-rider problem' refers to the situation where:
Answer: the benefits associated with public goods cannot be denied
to consumers who arc unwilling to pay for them so the good is under
produced
◉ Goods that are rival and non-excludable are called:
Answer: common resources.
◉ Why do elephants face the threat of extinction while cows do not?
MICROECONOMICS TEST 2026
COMPLETE QUESTIONS AND ANSWERS
◉ Refer to Figure 3. The total tax revenue collected by government
due to the $2 per unit tax is:
Answer: $36
◉ Refer to Figure 3. The dead weight loss due to the $2 per unit tax
is
Answer: $2
◉ The 'free-rider problem' refers to the situation where:
Answer: the benefits associated with public goods cannot be denied
to consumers who arc unwilling to pay for them so the good is under
produced
◉ Goods that are rival and non-excludable are called:
Answer: common resources.
◉ Why do elephants face the threat of extinction while cows do not?
