Pure public goods involve positive externalities.
A. True
B. False
C. Uncertain
A. True
You might also like to view...
Between 1945 and 1950, the U.S. price level rose by one-third. This increase was complemented by which of the following?
(a) An increase in nominal and real GDP (b) An increase in nominal GDP but a decrease in real GDP (c) An increase in real GDP but a decrease in nominal GDP (d) Stable nominal and real GDP
Death taxes, both state and federal, account for about _____ percent of total tax revenue.
A. 1 B. 2 C. 3 D. 10
Which of the following is generally true of a monopolistic competitor operating in the long run?
a. price greater than minimum average total cost b. price equal to marginal revenue c. price equal to marginal cost d. positive economic profits
Which of the following statistics confirm the rise in de-integration in the U.S. post 1970s?
a. The average number of industrial sectors a firm operated in increased substantially in 1997. b. Employment in the business services industry that supplied contract employees grew by almost five times as much as non-farm employment. c. Between 1977 and 1999, imports of the U.S. firms from foreign affiliates as a percentage of total imports increased substantially. d. Between 1977 and 1999, imports of the U.S. firms from unrelated suppliers as a percentage of total imports declined.