Which of the following statements is not correct?
a. Common resources are rival in consumption but are not excludable.
b. Uncongested toll roads are examples of club goods.
c. When African elephants were privatized, the survival of the species deteriorated.
d. National defense is not rival in consumption, nor is it excludable.
c
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Eminent domain _____
a. is when government forces holdouts to sell b. can be used by special interest for public gain c. is the only way to solve the holdout problem d. a and b e. b and c
A new tax introduced by the government will: a. decrease disposable income
b. increase disposable income. c. lead to a reduction in government spending. d. lead to an increase in government spending. e. have no effect on disposable income.
Production quota
What will be an ideal response?
What is a quota?
A. a restriction on exports B. a unit tax imposed on a product C. a ceiling on the amount of a good or service that can be exported D. a ceiling on the amount of a good or service that can be imported