To achieve the optimal provision of public goods, the
a. market should be allowed to arrive at an equilibrium without government intervention.
b. government must limit the provision of the goods.
c. government must tax producers of the goods.
d. government must either provide the goods or subsidize their production.
d
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Assuming that workers will be pushed off their labor supply curve in response to a change in aggregate demand is part of which of the following theories?
A) Classical B) Keynesian C) New Classical D) Both Classical and Keynesian
Which of the following is held constant in the short-run macro model?
a. GDP b. Prices c. Investment spending d. Consumption e. The money supply
Since individual buyers and individual sellers in a competitive market have no influence on the market price, what do we call the buyers and sellers in a competitive market?
Points lying ___________ the production possibilities curve are attainable, reflecting less total output than can be produced.
a. on b. inside c. beyond d. along