Which of the following could best be categorized as a public good?
A) an apartment in a public housing project
B) a pumpkin pie
C) public fireworks
D) a race track
Answer: C
You might also like to view...
Firms emerge when transaction costs of using the market are less than the cost of hierarchical control
a. True b. False
In general, the structure of a business firm
A) looks like a market. B) looks like a flat network. C) is largely determined by legal considerations. D) seems more like a central planning agency than a market.
If the minimum wage increased, then at any given rate of inflation
a. both output and employment would be higher. b. neither output nor employment would be higher. c. output would be higher and unemployment would be lower. d. output would be lower and unemployment would be higher.
The Labor-Management Relations Act of 1947 (also known as the Taft-Hartley Act) was significant because it
A. curtailed union power by permitting states to pass right-to-work laws. B. granted firms the right to break unions. C. granted union rank and file the right to decertify its leadership via election. D. created the National Labor Relations Board. E. outlawed yellow-dog contracts.