If the government does not provide a public good, what other ways are used to pay for a public good?
a. Taxing nonusers to provide for the public goods
b. Social pressure to encourage free riding of the good
c. Social pressure to discourage free riding of the good
d. Putting a price that users must pay for the good
c. Social pressure to discourage free riding of the good
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Owners of a corporation share in the profits of the firm
A) through dividend payments on shares of that firm's stock. B) by raising the interest rate on bonds. C) through coupon payments on that firm's bonds. D) by selling any bonds or stocks owned and realizing a capital gain.
Which of the following factors has significantly increased the supply of labor in the United States since 1950?
A) an increase in the number of people who have received college degrees B) an increase in the labor force participation rate of women C) a large increase in the substitution effect as a result of higher wages D) a low birth rate and an aging population
Which of the following statements is true?
a. World trade as a fraction of world GDP is much less than it was at the end of the 19th century. b. War decreases the pace of globalization. c. Large countries such as the U.S., Russia, and Japan have high scores in economic integration when measured against the criteria of Foreign Policy magazine. d. Poor countries tend to have high scores in the personal contact area when measured against the criteria of Foreign Policy magazine. e. The U.S. increased its international investments after the September 11, 2001 terrorist attacks to revive their economy.
In the short run, the marginal cost curve crosses the average total cost curve at
a. a point just below the average fixed cost curve. b. the minimum point on the average total cost curve. c. the maximum point of the average variable cost curve. d. all of the above points.