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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Poor welfare recipients face higher marginal tax rates than do the richest families
a. True b. False
Economics
The equilibrium rent for marginal land
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.
Economics
A market system works very well in solving some basic problems of the economy but it fails in some cases. Provide examples
Economics
By shifting aggregate demand, monetary policy can affect ________ and ________.
Fill in the blank(s) with the appropriate word(s).
Economics