If an Observer Looks Out at a Clear Night Sky

question 66

Multiple Choice

If an observer looks out at a clear night sky with the unaided eye, the faintest stars the observer can see have magnitudes around

• A) -6
• B) 0
• C) +6
• D) +12

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or resource, usually intended to protect consumers from prices deemed excessively high.

External Benefits

Benefits derived from a product or service that affect parties who did not choose to incur that benefit.

Efficient Level

The optimal point of operation where resources are used in such a way that maximizes productivity and minimizes waste.

Negative Externality

A cost that is suffered by a third party due to an economic transaction, where the cost is not reflected in the transaction's final price.