Offering contributors private goods such as coffee mugs, books, or magazine subscriptions will ________ the free-rider problem and lead to a ________ level of contribution to the public good.
A. reduce; smaller
B. reduce; larger
C. increase; smaller
D. increase; larger
Answer: B
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Suppose that Alyssa spends all her income on video games and DVDs and her marginal utility per dollar from video games equals that from DVDs. Is Alyssa maximizing her utility? Now, suppose that the price of a DVD falls
Should Alyssa change the combination of goods she consumes? If yes, how? Explain.
Which of the following most accurately and completely describes the responsibilities the Constitution gave to the federal government?
a. The authority to provide for copyrights and patents b. The right to tax c. The authority to regulate interstate commerce d. All of the above
Holding other things constant, decreases in the price level in the US will
a. Cause the dollar to gain value b. Cause the dollar to lose value c. Does not affect the dollar value d. None of the above
Refer to the above table. What is the market quantity demanded at a price of $8?
A. 15 B. 5 C. 35 D. 44