If swimming pools are public goods, then state governments to provide them
a. True b. False
b
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If net exports is 100 and the private sector balance is 150, then the government sector balance is
A) -50. B) 50. C) 250. D) 0.
During the 20th century, the highest savings rates in the U.S. were observed during
A) the Great Depression. B) World War II. C) the late 1980s and 1990s. D) none of the above.
Regarding the law of supply, which of the following statements is correct?
A) As the price of a good or service rises, the quantity supplied will increase. B) As the price of a good or service rises, the quantity supplied will decrease. C) The ceteris paribus assumption does not apply. D) As demand falls, supply rises.
The sectoral shifts hypothesis claims that
A. there will always be a pool of unemployed workers who find jobs quickly (i.e., the frictionally unemployed). B. cyclical unemployment will always exceed frictional unemployment. C. frictional unemployment will cause workers to extend their temporary lay-offs. D. there will always be a pool of unemployed workers who experience long spells of unemployment because their skills do not match those that employers are looking for (i.e., the structurally unemployed). E. most unemployed workers will return to their previous job because the firm knows the skills of the worker.