Which of the following is not a way for the government to solve the problem of excessive use of common resources?
a. regulation
b. taxes
c. turning the common resource into a public good
d. turning the common resource into a private good
c
You might also like to view...
The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
In the worker's leisure/consumption model, the wage is the same as the price of consumption.
Answer the following statement true (T) or false (F)
If the Treasury borrows from the public and makes an expenditure of an equal amount, it will affect
A) the supply of currency. B) the money supply. C) the supply of government securities. D) bank reserves.
What part of federal government spending has grown the most slowly in recent decades?
a. national defense b. welfare c. interest on the national debt d. social security and medicare e. all other forms of federal government spending