Government provides secondary education because of its private good aspects.
Answer the following statement true (T) or false (F)
False
Education has public good aspects, and that is one reason government provides it.
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What does empirical research suggest about the existence of pollution havens?
What will be an ideal response?
The existence of antitrust law is one reasons economists assume that most strategic behavior in the marketplace is noncooperative
a. True b. False Indicate whether the statement is true or false
Statistical studies suggest that the cost of direct controls for any target level of pollution is
a. much higher than the cost of taxes on emissions. b. about the same as the cost of taxes on emissions. c. lower than the cost of taxes on emissions. d. impossible to compare to the cost of taxes on emissions.
Which of the following events must cause equilibrium quantity to rise?
a. demand increases and supply decreases b. demand and supply both decrease c. demand decreases and supply increases d. demand and supply both increase