The so-called collective action problem is the reason why:
A. Taxpayers are not able to effectively counter special interest groups
B. Corporations have board of directors
C. We have local and national elections
D. Majority voting can lead to economically inefficient outcomes
A. Taxpayers are not able to effectively counter special interest groups
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When you see a preview of a coming movie at the movie theater, this is
A) informational advertising. B) direct market advertising. C) indirect market advertising. D) persuasive advertising.
One of the reasons that pollution problems are as large as they are is that
A. markets let individuals and firms deplete valuable resources without charging money for doing so. B. markets are incapable of incorporating valuable resources such as air and pure water. C. governments use resources without paying for them the way that individuals and firms must. D. markets are not an efficient means to address scarcity.
An example of a Pigovian tax would be a tax on:
A. alcohol. B. cigarettes. C. gasoline. D. All of these are examples.
Which of the following industries is part of a dynamic environment, meaning the market is constantly changing and updating?
a. nurseries b. education c. electronics d. manufacturing