Firms are much more likely to provide non-excludable public goods than excludable public goods. ?
Answer the following statement true (T) or false (F)
False
Rationale: The opposite is true. Because firms can charge consumers for their consumption of excludable public goods, and consumers can decide whether to pay the price, firms are much more likely to provide excludable public goods than non-excludable public goods.
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X is exports, M is imports, T is net taxes, G is government expenditure, C is consumption expenditure, S is saving, and I is investment. The government sector balance is equal to
A) T - G. B) C + S + T. C) S - I. D) X - M.
A consequence of adverse selection for the insurance market is that:
A. risk-seeking individuals typically pay higher premiums than risk-averse individuals. B. everyone ends up paying higher premiums. C. risk-averse individuals typically pay higher premiums than risk-seekers. D. everyone ends up paying lower premiums.
Given a typical demand curve and a decline in price, the consumer who wishes to maximize total utility must increase the quantity purchased of a good to arrive at an optimal MU = P point
a. True b. False Indicate whether the statement is true or false
In order for the government to collect taxes, the government must first establish a(n)
A. philosophy of taxation. B. justice system. C. tax base. D. ad valorem taxation.