A ______ is a private good.
a. sewer
b. highway
c. river
d. shoe
d. shoe
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Pollution problems
a. have existed for many centuries. b. are attributable to modern industrialization. c. can be blamed on the profit system. d. have worsened in every respect in the past forty years.
Saving is
a. the sum of the funds people hold in their checking accounts. b. after-tax income that is not spent on consumption. c. always equal to consumption. d. equal to disposable income plus consumption.
I frequently buy something which then has a rebate offer attached. I must fill in all the information requested, send off the form and then wait 8 weeks for the rebate. This practice is referred to as
A. a profit maximizing markup. B. network economics. C. exclusive contracting. D. the hurdle model of price discrimination.
Which of the following countries has the MOST physical capital?
a. the United States b. China c. Japan d. India