Frequently, a public good can be adequately provided by private action when its benefits are
a. concentrated among a small number of people.
b. equally valued by everyone.
c. widespread.
d. greater than its costs.
a. concentrated among a small number of people.
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Which of the following correctly identifies a difference between taste-based discrimination and statistical discrimination?
A) Taste-based discrimination is observed in the service sector, whereas statistical discrimination is observed in the manufacturing sector. B) Taste-based discrimination is observed in the manufacturing sector, whereas statistical discrimination is observed in the service sector. C) Employers engaging in taste-based discrimination are willing to forego profits, whereas employers engaging in statistical discrimination are trying to enhance profits. D) Employers engaging in statistical discrimination are willing to forego profit, whereas employers engaging in taste-based discrimination are trying to enhance profits.
If planned injections increase by $100 per day and the MPC is four-fifths,
a. the multiplier will be 5. b. total daily spending will ultimately increase by $150. c. the MPS will be $25. d. All of these.
Why do some firms price discriminate? Relate your answer to the common practice of public colleges charging lower tuition to in-state students and higher tuition to out-of-state students
What will be an ideal response?
The economic system that is generally considered to be the most efficient at answering the What to produce and the How to produce questions is the:
A. market economy. B. command economy C. soviet economy. D. traditional economy.