Recall the Application about the benefits generated when one country gathers information on global weather to answer the following question(s).Recall the Application. When the U.S. acquires and then shares weather data with organizations in other countries:
A. both the U.S. economy and the economies of other countries benefit.
B. the U.S. does not benefit and other countries free ride.
C. the information is excludable and rival.
D. the information is incomplete because no country can monitor oceans outside its own borders.
Answer: A
You might also like to view...
When the Chinese government buys U.S. government bonds, from the perspective of the United States, this is a(n):
A. capital inflow. B. export. C. import. D. capital outflow.
If a country's income grows at the rate of 5 percent a year, it doubles in about
A) eight years. B) six and one-half years. C) ten years. D) fourteen and one-half years. E) twenty years.
The work of a firm's manager is
a. entrepreneurship b. human capital c. labor d. more difficult and deserving of a higher reward than the work of labor e. essentially to assume risk and uncertainty
Which of the following is a difference between the average tax rate and the marginal tax rate?
a. The average tax rate is applicable under a proportional tax system, whereas the marginal tax rate is applicable under a progressive tax system. b. The marginal tax rate is applicable under a proportional tax system, whereas the average tax rate is applicable under a progressive tax system. c. The average tax rate is the rate at which each additional dollar earned is taxed, whereas the marginal tax rate is the total tax paid divided by the amount of taxable income. d. The marginal tax rate is the rate at which each additional dollar earned is taxed, whereas the average tax rate is the total tax paid divided by the amount of taxable income.