Each person is always better off choosing not to pay for a public good because of the free rider problem

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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Which of the following was NOT a part of the American system of manufacturing?

(a) Interchangeable and standardized parts (b) Use of indentured servants (c) Mass production (d) High capital intensities of production

Economics

Special interest groups often a. represent broad questions of public interest. b. pursue rent-seeking behavior

c. do not use lobbying techniques. d. have no effect on the political process.

Economics

According to the theory of rational ignorance, which of the following prevents people from voting?

a. If they feel their vote will not matter in the election b. If they will be required to show voter identification c. If they believe that politicians are unethical d. If they do not belong to a specific political party

Economics

Kobe has just eaten another hot dog and his total utility decreased. This means that Kobe's marginal utility for this additional hot dog is

A. positive. B. negative. C. zero. D. not determinable without more information.

Economics