Public goods are generally produced by
A. perfectly competitive industries.
B. the government.
C. freely functioning markets.
D. monopolies.
Answer: B
You might also like to view...
Which of the following statements is true?
A) Arithmetic or geometric growth rates gives similar answers for long periods. B) Using either arithmetic or geometric average to compute average growth rates gives similar answers for short periods. C) Geometric average of growth rate ignores the exponential nature of growth. D) Arithmetic calculation of growth rate considers the exponential nature of growth.
As a percentage of total federal expenditures, national defense spending has _____ since the mid 1950s
a. slightly increased b. risen precipitously c. essentially stayed the same d. declined
A government policy to improve farm incomes by supporting agricultural prices at a level above equilibrium will reduce consumer's surplus
Indicate whether the statement is true or false
Which of the following Lorenz curves is closest to the diagonal line?
A. The after-transfer income distribution B. The after-tax income distribution C. The before-tax distribution of income D. The before-tax, before-transfer income distribution