Which statement is true?
A. Compared with citizens of other industrialized countries, Americans are not as heavily taxed.
B. Public goods are usually not provided by private enterprise because they would not be profitable.
C. Public education is traditionally funded largely by local property taxes.
D. All the choices.
D. All the choices.
You might also like to view...
Economists measure opportunity cost
A) as equal to the sum of all the sunk costs. B) only when it is on the margin. C) as the best thing given u
The short run is a time period such that: a. the existing firms in the industry do not have sufficient time to adjust the quantity of any inputs which they employ. b. the existing firms in the industry do not have sufficient time to adjust their current rate of output
c. new entrants have sufficient time to build factories and enter the industry. d. the existing firms in the market do not have sufficient time to increase the size of their existing plants or build new factories.
Answer the following statement(s) true (T) or false (F)
1. The largest “hole” in the earth’s ozone layer occurs over North America. 2. Scientists agree that the presence of chlorofluorocarbons (CFCs) in the atmosphere most likely explains the existence of the ozone hole. 3. The release of CFCs associated with the production of refrigeration units is an example of a negative externality. 4. The Kyoto Protocol banned the use of CFCs. 5. CFC allowance trading was an integral part of achieving the objectives of the Montreal Protocol.
In Marx's ideal communist society, the state:
a. actively promotes income incentives. b. does not exist. c. follows the doctrine of laissez faire. d. owns resources and conducts planning.