According to ________, an efficient mix of public goods is produced when local land/housing prices and taxes reflect consumer preferences.
A. the Theory of Public Choice
B. Samuelson's theory
C. the Tiebout hypothesis
D. the Coase theorem
Answer: C
You might also like to view...
Suppose the working-age population is 220 million, the labor force is 150 million, and the unemployment rate is 10 percent. The number of unemployed people is
A) 15 million. B) 22 million. C) 37 million. D) 7 million.
Fiat money is generally issued by
A) brokerage firms. B) private banks. C) major multinational corporations. D) central banks.
The gambler's fallacy suggests that what happened in the past will influence the present. Suffering from the gambler's fallacy is most likely TRUE in which of the following situations?
A) flipping cards from a single deck B) tossing a fair coin C) the quality of play of a baseball team D) horse racing
In Argentina, agricultural production is directly related to
A) government subsidies. B) price controls. C) import tariffs. D) well-defined property rights..