The central question in determining whether a good is public or private is whether
A. The good is provided by the government.
B. We have the political will to exclude nonpayers from consumption.
C. We have the technical capability to exclude nonpayers from consumption.
D. Free riding is considered immoral.
Answer: C
You might also like to view...
The U.S. national debt at the end of fiscal year 2014 was almost
A. $13.5 trillion. B. $9.0 trillion. C. $18 trillion. D. $1.3 trillion.
The facts show that the political business cycle theory
A) does a good job of explaining monetary policy during presidential election years. B) is unable to explain monetary policy during presidential election years. C) doesn't generally support the political business cycle theory. D) explains monetary policy best during years in which the President is running for reelection.
Which of the following groups does not benefit from tariffs?
A. The government of the importing country B. Workers in domestic firms producing the product C. Consumers of the product D. Domestic producers of the product
As John's income has increased, he has purchased less instant noodles. Instant noodles are
A. an inferior good for John. B. not following the law of demand. C. not scarce for John. D. a normal good for John.