Without government intervention, public goods would
a. be much less expensive.
b. not be provided.
c. be produced in much larger quantity.
d. be priced within the income ability of all individuals to purchase them.
b
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The federal funds rate is the interest rate:
a. U.S. financial institutions pay to their best (i.e., largest) depositors. b. U.S. financial institutions charge their best customers. c. On U.S. interbank loans. d. The Federal Reserve changes banks that borrow from it. e. The World Bank charges to central banks.
In the United States, technological advances help explain persistently rising employment in the face of rising wages
a. True b. False Indicate whether the statement is true or false
To affect the market outcome, a price ceiling
A) must be set below the black market price. B) must be set below the legal price. C) must be set below the price floor. D) must be set below the equilibrium price.
With the Lucas supply function, a price surprise means
A. actual price is greater than expected price. B. actual price is less than expected price. C. actual price is either greater than or lower than expected price. D. actual price equals expected price.