Streaming Netflix movies would be considered:
A. an artificially scarce good.
B. a public good.
C. a common resource.
D. a private good.
Answer: A
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What is the real GDP in year 2 using base year 2?
A) $418. B) $300. C) $360. D) $338.
A notion that supports the idea that some items should be distributed equally to all is known as
A. Pareto efficiency. B. the Hoover Principle. C. poverty gap closing. D. commodity egalitarianism.
When voters pay taxes in proportion to the benefits they receive from government projects
What will be an ideal response?
To avoid the winner's curse, a bidder should:
A. revise upward his private estimate of the value of the item. B. only participate in second-price and English auctions. C. revise downward his private estimate of the value of the item. D. not participate in Dutch auctions.