Which of the following is an example of a public good?
A. Social Security payments.
B. Flood control.
C. Carpooling with your friends.
D. None of the choices are correct.
Answer: B
You might also like to view...
A firm is defined in Economics as
a. a corporation that creates demand for the goods it produces. b. an entity that produces and sells goods that individuals demand. c. an individual or group of individuals providing public services at no charge. d. any group of individuals seeking to increase their income.
The model of perfect competition is valuable for
A) prediction. B) comparison to other markets. C) Either A or B. D) None of the above.
If the output of a firm is increased by one unit, the revenue addition is called
A. total revenue. B. average revenue. C. marginal revenue. D. economic profit.
Monetary regimes
A. allow the greatest policy flexibility. B. follow the Taylor rule. C. involve feedback rules. D. are created to undermine expectations.