Author Question: The determination of which goods are public goods depends on: a. public laws. b. normative ... (Read 106 times)

savannahhooper · **on:** Jun 30, 2018

The determination of which goods are public goods depends on:
a. public laws.
b. normative considerations.
c. whether it is produced directly by the government or produced by a private sector firm.
d. whether it is possible to exclude additional users from consuming the good if they do not pay for it.

Question 2

Reducing a tariff on a particular good does which of the following?
a. It decreases the price of the domestic good to domestic consumers.
b. It increases the price of the good to domestic consumers.
c. It redistributes income away from domestic producers toward domestic consumers.
d. both (a) and (c)