A government-sponsored good is one that
A) everybody is willing to support with funding contributions.
B) is inherently valuable.
C) the political process has determined socially desirable.
D) everybody will receive concrete benefits from.
Answer: C
You might also like to view...
When a firm is considering whether to buy a new piece of equipment with retained earnings, the amount of interest that could be earned on that money is an explicit cost and should be treated as such
Indicate whether the statement is true or false
Productivity relates to
A) working harder over time. B) working longer over time. C) producing the same output with fewer labor hours. D) producing the same output with more labor hours.
We observe that the price of food rises and the quantity purchased also rises. This means the
a. supply curve shifted to the left. b. demand curve shifted to the right. c. demand curve shifted to the left. d. supply curve shifted to the right.
Many products consumed by Americans are imported. Imports account for the largest share of which of the following products consumed by Americans?
What will be an ideal response?