The free-rider problem is intrinsic to public goods.
Answer the following statement true (T) or false (F)
True
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The industry that produces zangs is in long-run equilibrium. Then the demand for zangs increases permanently. As a result, firms in the industry will ________. Some firms will ________ the industry, and the industry supply curve will shift ________
A) make economic an profit; enter; rightward B) make zero economic profit; exit; leftward C) incur economic losses; exit; rightward D) incur economic losses; exit; leftward
According to the U.S. Treasury
A) creditors do not have to accept cash in payment of debts. B) firms do not have to accept cash as payment for goods and services. C) the government will not accept cash in payment of taxes. D) U.S. dollars must be accepted as payment for any good or service sold in the United States.
What was the official poverty level for a person living alone in 2012?
a. 10,900 b. 11,170 c. 18,850 d. 23,050
Explain the purpose of the following figure
What will be an ideal response?