The free-rider problem exists for goods that are ________
A) excludable
B) rival
C) free
D) non-excludable
D
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Which of the following workers is most likely to be asked to post a bond?
A) construction contractor B) fast food worker C) sanitation worker D) book author
Tariffs are:
A. subsidies for imports. B. taxes on exports. C. taxes on imports. D. subsidies for exports.
If the firm in Figure 23.4 raised the price of its product above $4, the firm would
A. Increase its profits. B. Reduce its total revenue to zero. C. Not affect revenues but increase profits because costs would decrease. D. Increase its total revenue but not its profits because costs would increase.
Suppose n identical Cournot firms purchase labor in a competitive labor market. How is the market demand for labor affected by the number of firms in the market?
What will be an ideal response?