In the United States, the rich pay a disproportionate share of the cost of government

A product that is a close substitute but not a perfect substitute for the products of the other firms is called

A) a homogeneous product. B) an efficient product. C) a differentiated product. D) an inelastic product.

Your upstairs neighbor is the first-chair violinist in the local symphony orchestra. Because you are very fond of violin music, you sit on your balcony each night to listen to her rehearse. In this case, your violin-playing neighbor is an example of a

A. Pareto good. B. good that provides an external benefit. C. public good. D. good that imposes an external cost.