The normal functioning of the market for energy will naturally lead to conservation as energy prices rise. Despite this fact, the government may still want to intervene in energy use. Which of the following is NOT a reason why the government may get involved in energy conservation policies?
A. To accelerate the development of new energy technologies
B. To correct for the short-sightedness of individuals
C. To generate government tax revenue
D. To reduce the negative externalities associated with energy use
Answer: C
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Which of the following is most easily excludable?
A) ideas B) capital C) technology D) a set of designs or instructions
Currently, virtually the entire deficit in the U.S. is
a. cyclical. b. structural. c. transitional. d. frictional.
Refer to Figure a. Charlie and Joe both want to ride shotgun with their mother, so they play a game of rock-paper-scissors to determine who gets to sit in the front seat. If -1 represents a loss, 1 a win and 0 a tie, and Joe's payoff is shown in the upper left-hand corner of each cell, while Charlie's appears in the lower right-hand corner, which set of rules is illustrated in the following payoff matrix?
A. Rock tears paper, paper covers scissors, scissors clip rock
B. Rock crushes scissors, scissors cuts paper, paper covers rock
C. Rock crushes scissors, scissors cuts paper, scissors clip rock
D. Rock tears paper, paper covers scissors, paper covers rock
When regulations interfere with exchange and limit entry into various businesses and occupations, they will
What will be an ideal response?