The funds to pay for police protection are usually raised through taxation because
a. police protection would be hard to provide exclusively to those who voluntarily pay for it
b. people would not voluntarily pay salaries to officials who might arrest them
c. police protection is a basic necessity
d. goods financed through taxation can be guaranteed to all who pay for it
e. the government believes that those who receive the benefits from the service should pay for it
A
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What is the effect of an increase in unemployment benefits on the unemployment rate?
What will be an ideal response?
The first piece of antitrust legislation in the United States to deal with price discrimination was the
a. Clayton Act b. FTC Act c. Cellar-Kefauver Act d. Robinson-Patman Act e. Sherman Antitrust Act
Economic growth is represented on a production possibilities frontier model by the production possibilities frontier
A) shifting outward. B) shifting inward. C) becoming steeper. D) becoming flatter.
In deciding what to buy, the consumer will choose the good with the:
A. Highest marginal utility B. Lowest price C. Highest marginal utility-to-price ratio D. Lowest marginal utility-to-price ratio