Government goods are provided to the consumer at a zero price. This means that
A. the cost to society is zero.
B. the cost of the goods is the value of the resources used to produce the good.
C. people are getting something for nothing.
D. the political system is run by proportional rule.
Answer: B
You might also like to view...
The Clean Air Act is designed to restrict automobile emissions and reduce the external costs of air pollution. The economic analysis used to develop the Clean Air Act was:
A) normative. B) positive. C) macroeconomic. D) none of the above
As all available statistics show us, because the average annual population growth is 1.4 percent higher in developing countries than in industrial nations, economic growth is lower in low-income countries
a. True b. False Indicate whether the statement is true or false
Opportunity cost is subjective because of which of the following?
a. The calculating of opportunity cost takes information on time and other alternatives which vary from person to person. b. Use of time on a project is the same for each person. c. Alternatives are the similar for every person. d. Amount of time needed to complete a task is the same for every person.
The method of least squares
A. minimizes the distance between the population regression line and the sample regression line. B. can be used to estimate the slope parameters of a linear equation. C. can be used to estimate the explanatory variables in a linear regression equation. D. all of the above