The excludability versus nonexcludability issue is
A. relevant to the issue of market failure.
B. not relevant to the issue of market failure.
C. relevant to the free-rider problem.
D. a and c
E. b and c
Answer: D
You might also like to view...
Suppose the economy is producing at the natural rate of output. An increase in consumer and business confidence will cause ________ in real GDP in the short run and ________ in inflation in the short run, everything else held constant
A) an increase; an increase B) a decrease; a decrease C) no change; an increase D) no change; a decrease
The us government can set interest rates by controlling the money supply
Answer the following statement(s) true (T) or false (F)
According to the above figure, the profit maximizing price-output combination for the monopolist is a price of
A. 60 cents and an output of 30,000 newspapers per day. B. 50 cents and an output of 40,000 newspapers per day. C. 30 cents and an output of 30,000 newspapers per day. D. 45 cents and an output of 45,000 newspapers per day.
Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 
Figure 19.1 Refer to Figure 19.1. The employers? tax burden is
A. $2,100. B. $700. C. $1,400. D. $0.