The optimal sharing group _____
a. increases as the cost of the public good increases
b. declines as the cost of the public good increases
c. declines as the cost of the public good declines
d. increases as the cost of the public good increases
a
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One key implication of rational expectations is that
A) anticipated monetary policy has no effect on the rate of unemployment or the level of real GDP. B) unanticipated monetary policy has no effect on the economy but anticipated monetary policy does have an effect on the economy. C) anticipated monetary policy can affect the rate of unemployment but not the level of real GDP. D) both unanticipated monetary policy and anticipated monetary policy have an effect on the economy.
In the figure above, suppose the market is at equilibrium. Then area A is the
A) marginal benefit. B) marginal cost. C) amount of the consumer surplus. D) amount of the producer surplus. E) deadweight loss.
What are two benefits of the new miles-per-gallon requirements? Are these benefits in someone's self-interest or in the social interest?
What will be an ideal response?
When two goods are complements, a shock that lowers the price of one good causes the price of the other good to
A) remain unchanged. B) decrease. C) increase. D) change in an unpredictable manner.