Governments provide public goods because it has which of the following?
a. The ability to force people to use the public good
b. Better information about what types of public goods people want
c. The ability to ask all the citizens to help pay for the public good
d. The ability to force people to pay taxes to cover the cost of the public good
d. The ability to force people to pay taxes to cover the cost of the public good
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If the labor market for doctors is perfectly competitive, then an increase in the demand for doctors is likely to cause:
A. doctors' wages to increase. B. the supply of doctors to fall. C. the working conditions of doctors to deteriorate. D. a persistent shortage of doctors.
Refer to the information provided in Figure 13.3 below to answer the question(s) that follow. Figure 13.3Refer to Figure 13.3. The marginal revenue of the eighth pound of burritos is
A. $3. B. $5. C. $12. D. $96.
An increase in income shift a person's budget line rightward and does not change its slope
Indicate whether the statement is true or false
What is the drop-in-the-bucket problem?
What will be an ideal response?