Tiebout local public good provision is more easily implemented than a Lindahl equilibrium -- because people know each other's tastes locally and can more easily come up with the right way to divide the cost for public goods.
Answer the following statement true (T) or false (F)
False
Rationale: The Tiebout public good equilibrium does not rely on people knowing each other's tastes --- rather it depends on people sorting into communities based on each others' tastes.
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Common property resources include:
A. movies. B. fast food. C. oceans. D. professional baseball games.
New reports indicate that eating turnips helps people remain healthy. The news shifts the demand curve for turnips rightward. In response, new farms enter the turnip industry
During the period in which the new farms are entering, the price of a turnip ________ and the economic profit of each existing firm ________. A) rises; rises B) rises; falls C) falls; rises D) falls; falls
Local or state offices of the Department of Justice usually set prices for natural monopolies in their jurisdictions
Indicate whether the statement is true or false
We experienced the lowest inflation during the period from
A. 1945 to 1948. B. 1961 to 1964. C. 1973 to 1975. D. 1978 to 1981.