The concept that a student is enjoying the benefits of police protection even though she does pays taxes is called
A. the principle of anti-trust.
B. the free-rider problem.
C. the negative externality principle.
D. the principle of rival consumption.
Answer: B
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A private subsidy has what effect on the amount of a good or service produced? Is a private subsidy an appropriate policy to offset the inefficiency from an external cost or an external benefit?
What will be an ideal response?
Some online penny auctions charge a fee, such as $1, for every bid placed
Why should these costs of $1 per bid be considered sunk costs? Would it be smart for someone who has "already invested $5 in bidding costs" to keep bidding to "protect his or her sunk investments"? Why or why not?
Which of the following exchanges handles numerous technology companies including Intel and Microsoft?
A. NASDAQ B. NYSE C. AMEX D. None of the above handle technology stocks.
For a monopolistically competitive firm, its demand curve is the same as its marginal revenue curve.
Answer the following statement true (T) or false (F)