What would be an example of government good?

A) Jake buys an iPhone.
B) The local driver's license office purchases a new digital camera and printer.
C) Antonio, the manager of the local Taco Hut, purchases a new deep fryer.
D) Donald Trump purchases furniture for his office.
E) Rhianna gets a haircut.


B

Economics

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Which of the following is a merit good in the United States?

a. defense b. public libraries c. churches and synagogues d. interstate highways e. personal contributions to a cancer fund

Economics

The goal of a performance pay system is to get an employee to meet and exceed production quotas or goals. But an employee is always faced with events that are clearly beyond his/her control. What measures can be taken by the management to understand and minimize the impact of these ‘random' elements in the production system?

What will be an ideal response?

Economics

Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: Based on the info above, which of the parameter estimates are statistically significant at the 90% level of confidence?

A. All the parameter estimates are statistically significant. B. â is not statistically significant, but all the rest of the parameter estimates are significant. C. All parameter estimates except â and b are statistically significant.  D. c? is not statistically significant, but all the rest of the parameter estimates are significant.

Economics

The table below shows the cyclically adjusted budget surplus as a percentage of GDP over a five-year period.YearSurplus(+)11.0%20.930.540.251.5Refer to the above information. In which year was fiscal policy contractionary?

A. Year 5 B. Year 4 C. Year 3 D. Year 2

Economics