Because public goods are
a. excludable, people have an incentive to be free riders.
b. excludable, people do not have an incentive to be free riders.
c. not excludable, people have an incentive to be free riders.
d. not excludable, people do not have an incentive to be free riders.
c
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In which case can we be sure real GDP rises in the short run?
a. foreign economies expand and government purchases rise. b. foreign economies expand and government purchases fall. c. foreign economies contract and government purchases fall. d. foreign economies contract and government purchases rise.
High Tech, Inc. produces plastic chairs that sell for $10 each. The following table provides information about how many plastic chairs can be produced per hour. Number of WorkersChairs Produced Per Hour00110218324428530For simplicity, assume that labor is the only input. How many workers will be hired if the hourly wage for workers is $120?
A. 5 B. More than 5 C. 0 D. 3
If a firm that makes $100 profit per pair of shoes pays LeBron James $2,000,000 to endorse their basketball shoes, then to make the endorsement pay off they must sell at least:
A. $2,000,000 more in shoes. B. $20,000 more in shoes. C. 20,000 more pairs of shoes. D. 200,000 more pairs of shoes.
If the budget deficit is $50 billion and the structural deficit is $10 billion, the cyclical deficit is
A) $10 billion. B) $60 billion. C) $50 billion. D) $40 billion. E) More information is need to answer the question.