Tossup
This economist wrote that the case for government intervention “cannot become more than a prima facie one” until agencies “intervene advantageously,” presaging public choice arguments. John Maynard Keynes argued against a work by this economist, whose title Theory of Unemployment is frictional or voluntary. A phenomenon named for this economist, in which consumption rises because deflation increases real wealth, is also called the “real balance effect.” The optimal value of a policy named for this economist occurs when marginal social cost intersects marginal social benefit. This Cambridge economist names a policy used to correct outcomes from water pollution and carbon emissions. For 10 points, name this economist whose namesake taxes mitigate negative externalities. ■END■
Buzzes
Summary
| Tournament | Edition | TUH | Conv. % | Neg % | Average Buzz |
|---|---|---|---|---|---|
| California | 2025-02-01 | 3 | 100% | 0% | 99.33 |
| Florida | 2025-02-01 | 1 | 100% | 0% | 100.00 |
| Great Lakes | 2025-02-01 | 5 | 100% | 0% | 86.00 |
| Midwest | 2025-02-01 | 6 | 100% | 33% | 94.50 |
| North | 2025-02-01 | 3 | 67% | 0% | 98.00 |
| Northeast | 2025-02-01 | 5 | 60% | 20% | 97.33 |
| Overflow | 2025-02-01 | 5 | 60% | 60% | 94.00 |
| South Central | 2025-02-01 | 2 | 100% | 50% | 97.50 |
| Southeast | 2025-02-01 | 4 | 75% | 50% | 102.33 |
| UK | 2025-02-01 | 8 | 88% | 0% | 98.00 |
| Upper Mid-Atlantic | 2025-02-01 | 8 | 63% | 38% | 103.00 |
| Upstate NY | 2025-02-01 | 3 | 100% | 0% | 84.33 |