A public good may be defined as any good or service that:
a. must be provided to citizens who are most able to benefit from it.
b. must be distributed to all citizens in equal shares.
c. excludes free riders.
d. none of these.
d
You might also like to view...
The term "currency drain" refers to an increase in currency held outside banks
Indicate whether the statement is true or false
The U.S. economy experienced recessions in 1974–75, 1980–82, 1990–91, 2001, and 2007–09 that were each preceded or accompanied by a rise in the key input of
a. wages. b. food prices. c. oil prices. d. steel prices.
Jane owns a pizza joint. In the month of February, she sold 310 medium-base pizzas and 207 large-base pizzas. She charges $9 for a medium-base pizza and $12 for a large-base pizza. The total revenue earned by Jane in February is: a. $5,210
b. $4,284. c. $5,274. d. $10,857.
Keynesian macroeconomists argue that the short-run Phillips curve ________ represent a usable trade-off for policymakers because ________.
A. does; prices are sticky B. does not; prices are not sticky C. does; prices are not sticky D. does not; prices are sticky