Public goods are characterized by the free-rider problem because
A) no one can be excluded from the benefits of public goods once they are produced.
B) public goods are usually things that people really do not want to consume.
C) public goods are characterized by the principle of rival consumption.
D) public goods can easily be subdivided into small units.
A
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Only paid workers are included in the Bureau of Labor Statistics' "employed" category
a. True b. False Indicate whether the statement is true or false
A person who believes strongly in the use of fundamental analysis to choose a portfolio of stocks
a. has a better chance of outperforming the market if stock prices follow a random walk than if they do not follow a random walk. b. almost always chooses to hold index funds in his or her portfolio rather than actively-managed funds. c. is spending his or her time wisely if the efficient markets hypothesis is correct. d. is interested in the likely ability of a corporation to pay dividends in the future.
An economics textbook is an example of:
A. capital. B. labor. C. a natural resource. D. entrepreneurship.
Prohibition as a strategy for controlling externalities might actually
A. eliminate the need for elaborate enforcement efforts and detention facilities. B. solve age-old problems, such as the susceptibility of humans to addictive behavior. C. create new problems, such as turf wars among gangs or increased incarceration. D. all of the options are correct.