Which of the following government functions could most easily be handled by the private sector?
a) education
b) national defense
c) the legal system
d) the police force
e) foreign policy
a) education
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A small change in a variable is
A) a ceteris paribus change. B) an efficient change. C) a marginal change. D) an average change.
According to the classification in the text, which of the following is not an industrially advanced country (IAC)?
a. United Arab Emirates. b. Israel. c. Greece. d. All of the above are IACs. e. None of the above are IACs.
The government supports economic growth by investing in:
a. education, savings, and scientific research. b. education, exploration, and internationalization. c. savings, production, and technology. d. technology, savings, and production.
Because people can enjoy the benefits of public goods whether they pay for them or not, they are usually unwilling to pay for them. This is known as the
A. free-rider problem. B. drop-in-the-bucket problem. C. nonexcludable problem. D. nonrival problem.