Public goods are always provided by the government because private markets do not have an incentive to provide them.
Answer the following statement true (T) or false (F)
False
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What is the future value of $100 in 2 years that earns an annual interest rate of 5 percent?
A) $110.41 B) $102.25 C) $110.25 D) $105.50
There are frequently market solutions that the government can use to deal with externalities
a. True b. False Indicate whether the statement is true or false
The aggregate supply curve slopes
a. downward because firms can sell more at lower prices. b. downward because firms can hire more workers at lower prices. c. upward because firms want to hire more workers at higher wage levels. d. upward because firms can hire labor at fixed wages for short-run periods.
In a competitive market characterized by increasing costs, the
A. long-run industry supply curve gives the long-run marginal cost of production at various levels of industry output. B. long-run industry supply curve is upward sloping. C. long-run industry supply curve gives the minimum long-run average cost of production at various levels of industry output. D. both a and b E. all of the above