If citizens are not very mobile among governments _____
a. there is no intergovernmental competition
b. intergovernmental competition is ineffective
c. intergovernmental competition is effective because individuals can compare their government with nearby governments
d. the urban sprawl will be lessened
c
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If the MPC = 0.75, MPS must be _______ and the income multiplier is _______
a. 0.25; 4 b. 0.25; 5 c. 0.75; 5 d. 1.50; 5 e. 4; 0.25
If the interest rate is 5 percent, then what is the present value of $2,000 to be received in three years?
If companies who took into account an externality want to supply less at any given price compared to the original market supply, it must be a:
A. negative externality. B. social externality. C. positive externality. D. network externality.
Under the U.S. General Mining Act of 1872
a. Corporations must pay high royalties for mineral exploitation rights b. All mineral reserves belong to the U.S. Government c. Mineral resource conservation is encouraged d. Royalties for mineral exploitation rights are very low e. Taxes are imposed on the use of primary resources