By definition, a government-sponsored good
A) is a good that is deemed socially desirable.
B) is a good that should be available only to upper-income groups.
C) is always provided at a zero price.
D) does not affect society's general welfare.
A
Economics
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The price of a good is
A) always equal to the cost of producing the good. B) never affected by the number of buyers and sellers. C) usually determined in a market. D) None of the above.
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In the above figure, the monopolist's profit-maximizing output level is
A) A. B) B. C) C. D) D.
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What are the three components of an interest rate?
Economics
Which of the following constituted the majority of federal outlays in 2011?
a. Social security and Medicare b. Defense c. Net interest paid on the national debt d. Welfare
Economics