The reason why national defense is commonly provided by the government, while food is not, is that food:
a. is too essential to survival to be provided by a bureaucratic organization.
b. manufacturers have successfully lobbied the government to stay out of the food industry.
c. can easily be withheld from those who refuse to pay for it.
d. provision is subject to a free-rider problem.
c
You might also like to view...
In the year _______ the stock market crashed, while the economy went into a major economic decline which lasted until the year ________.
Fill in the blank(s) with the appropriate word(s).
"For goods that are unrelated in consumption, efficiency requires that tax rates be inversely proportional to elasticities." This is the definition of
A. the benefits-received principle. B. the Ramsey Rule. C. the second best principle. D. the inverse elasticity rule.
If the Consumer Price Index was 120 in one year and 115 in the next year, then the rate of inflation from one year to the next was:
A. positive 4.2 percent. B. negative 5.0 percent. C. negative 4.2 percent. D. positive 5.0 percent.
People are unemployed if they are over 16 and not working due to:
A. The inability to find a job even though they are looking. B. A two-week summer vacation. C. A strike. D. The lack of motivation to look for work.