If we think of good governance as a public good created by well-informed voters, we can predict that it will be:
A. oversupplied.
B. undersupplied.
C. in market equilibrium, if left unchecked.
D. in market equilibrium, despite market interference.
B. undersupplied.
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If consumers cannot readily switch to a close substitute when the price of a good increases, the demand for that good is likely to be:
A. unit elastic. B. perfectly elastic. C. inelastic. D. elastic.
If devaluation does not improve the BOT, but only the BOP, this implies that
A) the capital account is in deficit. B) the current account is in surplus. C) the improvement comes in the capital account. D) Both B and C.
If the GDP deflator in 2009 was 160 and the GDP deflator in 2010 was 180, then the inflation rate in 2010 was 12.5%
a. True b. False Indicate whether the statement is true or false
What does "R&D" stand for?
A. Revenue and demand B. Research and design C. Real and domestic D. Research and development