One type of market failure occurs when markets cannot provide for the public good. Explain the two criteria that determine whether a good is private or public.
Fill in the blank(s) with the appropriate word(s).
The ability to exclude someone from getting the good, which usually occurs through pricing, and whether a good can be jointly consumed. Jointly consumed goods are those multiple persons can consume without exhausting them, such as, utilities, national defense, and air quality.
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The __________ in Congress makes it particularly vulnerable to special interest groups and to the appeals of highly paid lobbyists
a. partisan system b. decentralized committee system c. bipartisan system d. imbalance of power
Most of the areas of the world see registration as
A) a barrier to voter turnout. D) expensive. B) time-consuming. E) the responsibility of local officials. C) automatic.
In describing a social science theory, what does the term parsimonious mean?
a.) The theory is consistent and unambiguous. b.) The theory is generally applicable. c.) Researchers are able to test the theory. d.) The theory avoids excessive complexity.
The ________ established protections for those with disabilities from discrimination in employment and public accommodations
A) Dawes Severalty Act B) Gentlemen's Agreement C) National Origin Act D) Treaty of Greenville E) Americans with Disabilities Act