Each fall the government subsidizes flu shots because:
A. flu shots given to some prevent the spread of disease to others.
B. people are unwilling to pay for something that will cause them pain.
C. flu shots are a public good.
D. there is excess supply of flu vaccine and the government must get rid of the surplus.
Answer: A
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Refer to the scenario above. Which investment option will a risk-neutral individual choose?
A) He will choose to invest in Option A. B) He will choose to invest in Option B. C) He will choose to invest in Option C. D) He will be indifferent in investing in any of the three options.
Goods with upward sloping demand curves are referred to as
A) luxury goods. B) substitute goods. C) Giffen goods. D) Marshall goods.
In the absence of government intervention, the marginal social cost of pollution abatement would equal its marginal social benefit
a. True b. False
The most widely used approach for the analysis of oligopoly behavior is
a. game theory. b. role playing. c. strategic engineering. d. input-output analysis.