Generally, people are more satisfied with private market outcomes than with public voting outcomes because
a. each consumer in the private market can choose the quantity he or she desires
b. most people are near the median
c. the prices are lower
d. markets are involuntary
e. there are too many choices to make in the public sector
A
You might also like to view...
The typical average cost curve
A. continually declines as output increases. B. is horizontal. C. continually increases as output increases. D. first declines to a minimum and then increases as output increases.
The wealth of most people declined as a result of the financial crisis of 2007-2009. As a result, which asset was most likely became a larger portion of their portfolio?
A) bonds B) stocks C) house D) checking account
Which of the following will cause a movement along the supply curve for oil?
A) new technology to drill oil underwater in the Gulf of Mexico B) a change in the price of oil C) an increase in the number of oil-producing firms D) government subsidies to oil producers in Wyoming
A bank would be considered insolvent when the value of its liabilities exceed its
a. assets. b. required reserves. c. actual reserves. d. net worth.