Clean air is an example of a public good.
Answer the following statement true (T) or false (F)
False
You might also like to view...
The French Bakery ran a special which decreased the price of its croissants from $1.50 to $1.00. Although her money income had not changed, Toni decided to buy 2 croissants instead of her usual 1 bagel and 1 croissant
Toni's actions are explained by which of the following? A) income and substitution effects B) price effect C) consumption effect D) income effect only or substitution effect only but not both effects
The Nobel Prize winner William Shockley feels strongly that blacks do not have a hereditary racial inferiority in intellectual performance
Indicate whether the statement is true or false
If the nominal interest rate is 8.3% and the inflation rate is 4.4%, what is the real interest rate?
Those who contend that oligopolists are less likely than more competitive firms to engage in R&D say that:
A. oligopolists have little incentive to introduce costly new technology and produce new products when they currently are earning large economic profit using existing technology and selling existing products. B. the undistributed profits of oligopolists give them a source of readily available, relatively low-cost funds for financing R&D. C. entry barriers enable oligopolists to sustain the profits they gain from innovation. D. the large size of oligopolists' R&D departments allows them to use very specialized, expensive R&D equipment and employ teams of specialized researchers.