Which of the following is most likely to be used efficiently?
A. A publicly-owned natural resource
B. A private good that entails an external cost
C. A private good that entails an external benefit
D. A privately-owned natural resource
Answer: D
You might also like to view...
If demand is downward sloping and there is tax on the good, Consumer surplus equals
a. The area between the demand curve and the price, up to the equilibrium quantity. b. Total surplus minus producer surplus. c. Total surplus minus producer surplus and government tax revenue. d. Total surplus minus producer surplus, government tax revenue, and dead-weight loss.
Which of the following demonstrates the law of supply? a. When leather became more expensive, belt producers decreased their supply of belts
b. When car production technology improved, car producers increased their supply of cars. c. When sweater producers expected sweater prices to rise in the near future, they decreased their current supply of sweaters. d. When lemon prices rose, lemon growers increased their quantity supplied of lemons.
Which of the following statements is true?
A. Both the debt and the deficit or surplus are flow measures. B. The debt is a flow measure and the deficit or surplus is a stock measure. C. The debt is a stock measure and the deficit or surplus is a flow measure. D. Both the debt and the deficit or surplus are stock measures.
In the last few decades, tariffs in developing countries have:
A. risen by more than 20 percent. B. risen to 20 percent of their GDP. C. fallen to 20 percent of their GDP. D. fallen by more than 20 percent.