When you make the decision to spend your time attending class, which economic question are you answering?
A) Why?
B) What?
C) How?
D) Is this in the social interest?
E) For whom?
B
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Positive incentives: a. increase benefits or reduce costs
b. decrease the amount of affected behaviors. c. increase the amount of affected behaviors. d. Do both a. and c.
Of the top-10 U.S. multinationals, the majority are in which of the following two industries?
a. oil and automobiles b. banking and energy c. services and fast food d. clothing and entertainment e. computers and soft drinks
If government undertakes to reduce water usage by using a market incentive plan:
A. consumers will be asked to reduce water usage voluntarily. B. consumers who reduce water usage by more than the required amount can sell marketable certificates to consumers who seek to reduce usage by less than the required amount. C. each consumer will have to reduce his or her water usage by an equal amount. D. consumers who do not reduce usage by the required amount will have to pay taxes on the extra water usage.
The free-rider problem is larger for private goods than it is for public goods.
Answer the following statement true (T) or false (F)