If the quantity of public goods produced were decided by market forces (supply and demand),
a. there would be more goods provided than would be optimal
b. there would be fewer goods provided than would be optimal
c. the markets would provide the optimal number of goods
d. prices would be optimal, but the optimal quantity of goods would not be produced
e. the firms producing the public goods would earn excess profit
B
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In the above figure, suppose the demand for dollars temporarily increases so that the demand curve shifts to D1. To maintain the target exchange rate, the Fed
A) can sell dollars. B) can buy dollars. C) must violate interest rate parity but not purchasing power parity. D) cannot maintain the target exchange rate.
The collection and analysis of massive amounts of data, with the goal of measuring aspects of people's behavior is referred to as
A) mega processing. B) marginal utility. C) the Internet of Things. D) big data.
In a situation of excess supply in the labor market, there are:
a. many applicants for every job opening; employers will have an incentive to offer lower wages than they otherwise would have. b. few applicants for every job opening; employers will have an incentive to offer lower wages than they otherwise would have. c. many applicants for every job opening; employers will have an incentive to offer higher wages than they otherwise would have. d. few applicants for every job opening; employers will have an incentive to offer higher wages than they otherwise would have.
The basic data source to track the number of unemployed comes from a calculation of applications for new unemployment benefits
a. True b. False Indicate whether the statement is true or false