Receiving a voucher for an apartment in a public housing project would be an example of a good that satisfies
A) the principle of rival consumption.
B) the definition of a public good.
C) the definition of a good with a positive externality.
D) the nonexclusion principle.
A
You might also like to view...
An external cost is created when you
A) buy a sandwich for lunch. B) litter on the side of the road. C) graduate from college. D) buy flowers for your mother on Mother's Day.
Taxes that create an excess burden are bad.
A. True B. False C. Uncertain
A price discriminating monopsonist could increase its profits by:
a. paying the minimum wages possible. b. hiring as little capital as possible. c. paying lower wages to workers with inelastic supply of labor curves than to workers with elastic curves. d. paying lower wages to workers with elastic supply of labor curves than to workers with inelastic curves.
Minimum wage laws are always beneficial to low-wage workers
Indicate whether the statement is true or false