Which one of the following statements about public goods is true?
a. Problems with public goods can always be solved by charging a fee to use the good
b. Public goods may provide psychic benefits
c. Public goods will tend to be oversupplied
d. Money to provide public goods is commonly collected from free riders
e. Public goods are any goods owned or provided by governments
Ans: b. Public goods may provide psychic benefits
You might also like to view...
Use the data in the table above and suppose that labor is the only variable factor of production. When 122 dozen donuts are produced at Decent Donuts, the MC curve
A) has a positive slope. B) shows the effect of increasing marginal returns. C) Both answers A and B are correct. D) Neither answer A nor B is correct.
A manufacturer that is trying to avoid the "double marginalization problem" can do so by encouraging competition rather than protecting retailers through exclusive territories, and controlling final product price through resale price maintenance
contracts. Indicate whether the statement is true or false
For some investors, derivatives can be attractive financial assets to purchase because
A. these assets can be used to offset the possibility of another risk faced by the investor. B. these assets allow an investor to eliminate the risk that they face entirely. C. they provide high returns with a very small investment. D. they are easier to sell than common stock.
Strategy is
a. The art of matching the resources and capabilities of a firm to the opportunities and risks in its environment b. Developing a resource for the company that is both rare and valuable to create competitive advantage c. Making sure that the resource developed is non-fungible to create a sustainable advantage d. All of the above