The central question in determining whether a good is public or private is whether
A. The good is provided by the government.
B. We have the political will to exclude nonpayers from consumption.
C. We have the technical capability to exclude nonpayers from consumption.
D. Free riding is considered immoral.
Answer: C
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Why is the line between frictional and structural unemployment sometimes hard to draw?
What will be an ideal response?
Over time, poverty in the United States, as measured by the number of poor, has increased the most
a. among women because of discrimination b. among women because of an increasing divorce rate c. among households headed by women d. among the elderly because of cutbacks in the Social Security program e. for men because there are more of them
The deregulation of the airlines industry lead to which of the following?
a. Higher prices and more flyers b. Lower prices and fewer flyers c. Lower prices and more flyer d. Higher prices and fewer flyers
Good X and good Y are substitutes. If the price of good Y increases, then the
a. demand for good X will decrease. b. quantity demanded of good X will decrease. c. demand for good X will increase. d. quantity demanded of good X will increase.