If the quality or quantity of a particular public service is very difficult to monitor, government is more likely to
a. produce the service itself
b. contract with private firms to supply the service
c. take over private corporations to produce the service
d. refuse to provide the service
e. raise the price to consumers of the service
A
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A study of consumers' attitudes toward labor standards for the products they buy revealed that consumers:
a. just do not care. b. would completely change their buying patterns and want to be 100% sure that products they buy are made in foreign factories with good working conditions. c. would pay a slight premium to ensure good working conditions. d. are more concerned about the prices they pay than working conditions overseas.
The original comparative advantage model that used the relative abundance of factors of production to explain comparative advantage assumed that countries:
a. employed all four factors of production; land, labor, capital, and entrepreneurship. b. employed only two factors of production; labor and capital. c. employed only two factors of production; land and entrepreneurial ability. d. worked with a fixed capital stock. e. were free to vary their employment of only one factor of production; labor.