Over the air television signals are ____________ ; television signals available through cable are
a. Public goods, public goods
b. Public goods, private goods
c. Private goods, private goods
d. Private goods, public goods
b
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Money income is
A) market income plus cash payments from government. B) equal to market income. C) market income plus cash payments from government minus taxes. D) market income minus taxes.
Suppose that a drug for treating cancer is cleared by the Food and Drug Administration and that the company is successful in obtaining a patent for its product. Which of the following is then TRUE?
A) The patent holder now faces barriers to entry. B) The method of producing the product would not be considered intellectual property. C) The patent holder has a monopoly. D) The drug would have many close substitutes.
In the United States, the dramatic increase in government social spending since the mid-1960s has
a. made incomes less equally distributed b. made incomes equally distributed c. not greatly increased the money income share of the poorest fraction of the population d. greatly increased the money income share of the richest fraction of the population e. decreased the percentage of families in the lowest fifth
The Depository Institutions Deregulation and Monetary Control Act passed by the Congress in 1980 led to:
a. the complete removal of thrift institutions. b. increased competition among financial institutions. c. the formation of large number of savings and loan associations. d. privatization of all financial institutions in the U.S. e. the complete removal of credit unions.