There are apartments in Chicago whose rooftops overlook Wrigley Field. On game day you can find free riders on the roof enjoying ____.
A. free property rights
B. an externality
C. a public good
D. excess utility
Answer: B
You might also like to view...
The term "socialism" refers to which of the following?
a. A religion centered on community interaction. b. An economic system characterized by private ownership of resources, and decentralized market allocation. c. An economic system characterized by government ownership of resources and centralized allocation. d. None of the above answers are correct.
Answer the following statement(s) true (T) or false (F)
1. According to the textbook application, the automobile industry and the state of California worked together to solve the state’s urban smog problem. 2. Title IV of the 1990 Clean Air Act Amendments uses tradeable allowances to control sulfur dioxide emissions. 3. Under the Clean Air Act, the major groups of air pollutants being controlled are natural pollutants, hazardous air pollutants, and greenhouse gases. 4. In the United States, seven criteria pollutants have been identified through criteria documents. 5. Among the criteria pollutants identified in the United States is carbon dioxide.
An advantage of the partnership form of business organization is
A) its limited liability. B) its limited access to capital, thus reducing the possible size of debt. C) the ability of its owners to specialize. D) that it is difficult to start up, because a lot of thought has to go into the establishment of the firm.
Investment spending might be larger when GDP is higher. Such added investment as GDP rises is called
a. mutual investment. b. induced investment. c. positive investment. d. net investment.