Author Question: For certain public projects such as building a dam on a river or a bridge to an island, what ... (Read 121 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
For certain public projects such as building a dam on a river or a bridge to an island, what procedure is a government likely to use to determine what quantity of a public good should be supplied?
 
  A) It hires economists to estimate the market demand for the product.
  B) It evaluates the costs and benefits of producing the good.
  C) It takes a vote in Congress.
  D) It conducts public surveys to determine if consumers want the product.

Question 2

The concept of ________ explains how trade between two countries can make each better off.
 
  A) absolute advantage B) autarky
  C) trade barriers D) comparative advantage


fraziera112

  • Sr. Member
  • ****
  • Posts: 356
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?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

For a complete list of videos, visit our video library