Which of the following is an example of a public good?
A. space exploration
B. airline travel
C. a U2 concert
D. a Big Mac
Answer: A
You might also like to view...
In the loanable funds market, which of the following is an example of investment demand?
A) Mark buying rare gold coins B) Scott purchasing a rookie-year baseball card for last year's World Series MVP C) Mary buying stocks for her retirement portfolio D) Brian, owner of Bryan Games, purchasing computers to enhance the production of games E) George purchasing United States savings bonds for his son's college fund
The transformation in labor has dramatically impacted the distribution of income in the U.S
Indicate whether the statement is true or false
A difficulty with using a uniform per-unit tax to address a negative externality is that
A) the tax will reduce output. B) the tax will increase price. C) the social cost of pollution might vary across geographic regions. D) the social cost of pollution should not be assessed on the consumers, but should be assessed on the firms.
For a monopoly firm, which of the following equalities is always true?
a. price = marginal revenue b. price = average revenue c. price = total revenue d. marginal revenue = marginal cost