Which of the following goods is NOT subject to the free-rider problem?

A. the local police force
B. public fireworks
C. a public park
D. a mass transit system


Answer: D

Economics

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a. True b. False

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A. equals zero. B. depends on the supply and demand of land. C. exceeds the opportunity cost of the land. D. is always greater than the equilibrium rent for nonmarginal land.

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A market system works very well in solving some basic problems of the economy but it fails in some cases. Provide examples

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By shifting aggregate demand, monetary policy can affect ________ and ________.

Fill in the blank(s) with the appropriate word(s).

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