A government-sponsored good is one that
A. everybody will receive concrete benefits from.
B. everybody is willing to support with funding contributions.
C. is inherently valuable.
D. the political process has determined socially desirable.
Answer: D
You might also like to view...
When the cross-price elasticity of demand between two products is positive, the two goods are said to be substitutes
a. True b. False
If unemployment is below the NAIRU, inflation generally:
A. becomes negative. B. gets caught in a downward spiral. C. decelerates. D. accelerates.
The ability to share work and share risk is an advantage for
A) sole proprietorships and partnerships. B) sole proprietorships. C) sole proprietorships and corporations D) partnerships.
When comparing elasticities between two different linear demand curves, the curve that is flatter has greater price elasticity at every given price
Indicate whether the statement is true or false