Goods that are used for the production of other goods are referred to as:
A) consumer durable goods.
B) consumer capital.
C) physical capital.
D) public goods.
C
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Which of the following is a weakness in trying to get the wealthy to bear more of the burden of increasing growth in a less developed country?
a. The wealthy do not have significant political power. b. The wealthy can move their savings to other countries. c. The wealthy do not have much money to tax. d. The wealthy have large homes in their country and so are less likely to leave. e. The wealthy have powerful businesses that they are unable to relocate.
A tax on sellers and an increase in input prices affect the supply curve in the same way
a. True b. False Indicate whether the statement is true or false
A person will become informed on a political issue if
A) it is considered an important issue to society at large. B) he perceives the benefits of becoming informed as greater than the costs of becoming informed. C) it is regularly discussed on television news shows. D) it is regularly written about in the daily newspapers. E) none of the above
Public goods are goods that we all agree are useful and therefore are all willing to pay for. This implies that there is no efficiency problem in the production of public goods.
Answer the following statement true (T) or false (F)