State and local governments subsidize college students with grants and low-interest loans. The loans and subsidies are examples of
A) emission allowances. B) Coase subsidies.
C) Pigovian subsidies. D) positive externalities.
C
Economics
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When external benefits are present,
A) competitive markets are efficient. B) competitive markets are inefficient. C) a tax is required to eliminate the inefficiency. D) property rights have already been established.
Economics
An imperfectly competitive firm has the following total cost curve: C = 100 + 4Q. What is average fixed cost equal to when Q = 10?
What will be an ideal response?
Economics
If Sally decides to go to the boxing match, what is Sam's best response
a. Go to the ballet b. Go to the boxing match c. Run away d. Hide
Economics
The aggregate supply curve is horizontal in the intermediate range
a. True b. False Indicate whether the statement is true or false
Economics