From the In the News article titled, "Firefighters Watch as Home Burns to the Ground," Which of the following is true?
A. Fire protection is always a public good.
B. Fire protection paid for like fire insurance is a private good.
C. Fire protection paid for like fire insurance is a public good.
D. None of the choices are correct.
Answer: B
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According to the theory of purchasing power parity, if the inflation rate in the United States is greater than the inflation rate in Canada, explain what should happen to the exchange rate between the U.S. dollar and the Canadian dollar
What will be an ideal response?
Tim is working on a school report on the proposed merger between American Airlines and U.S. Airways
He finds that U.S. Airways' annual revenue for 2012 rose by 3.7 percent over the previous year, while the revenue for American Airlines recorded an increase of almost 6 percent. Based on this, he concludes that, in 2012, passenger traffic must have increased more for American Airlines than for U.S. Airways. Is Tim's conclusion correct? Explain your answer.
What is one reason consumers might demand a discount for quantity purchases?
A) higher storage costs B) lower marginal cost C) lower marginal benefit D) price gouging
As one moves down a straight-line demand curve, the elasticity increases
a. True b. False Indicate whether the statement is true or false