A payment made by the government to private producers of roads and libraries would be an example of
A) a subsidy.
B) a copyright.
C) a voucher.
D) public provision.
E) a Coase payment.
A
You might also like to view...
Modern economists measure how much utility Fred gets from a hot dog by
A. asking Fred how many utils he gets from its consumption. B. examining the price of the hamburger Fred chose not to buy. C. asking Fred how much of some other good he would give up to get the hot dog. The “other good” can be any good except money. D. asking Fred how much of some other good he would give up to get the hot dog. The “other good” can be any good, including money.
Which of the following will happen if a new firm enters in an oligopoly with differentiated products?
A) Market price will fall. B) Market price will rise. C) Existing firms will gain market share. D) Each firm will have an equal market share.
The total loss associated with the 2005 Hurricanes Katrina and Rita are estimated to be between
a. $40 and $60 billion b. $69 and $130 billion c. $69 and $80 billion d. $70 and $80 billion e. $140 and $200 billion
Recall the Application about federal quality standards in the market for kiwifruit to answer the following question(s).Recall the Application. California kiwifruit growers had an asymmetric information problem because potential buyers:
A. do not know how much kiwifruit they will need. B. could not tell what the price of the kiwifruit will be. C. could not tell if a kiwifruit was sweet or sour before tasting it. D. All of these