Author Question: Which of the following is true? a. Consumption of a public good by one individual reduces the ... (Read 54 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
Which of the following is true?
 a. Consumption of a public good by one individual reduces the availability of the good for others.
  b. It is extremely difficult to limit the benefits of a public good to the people who pay for it.
 c. Public goods are free whenever the government produces them.
 d. From an efficiency standpoint, a market economy will generally supply too much of a public good.

Question 2

Attempts to use activist policies to stabilize the economy can be counter-productive:
 a. If policy makers do not correctly estimate the natural rate of real output.
  b. If policy makers misestimate the lags involved in the process.
 c. If policy makers forecast inaccurately.
 d. In all of the above cases.



morganmarie791

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

b

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

For a complete list of videos, visit our video library