A Broadway theater sells weekday show tickets at a lower price than for a weekend show. This is an example of:
A. peak-load pricing.
B. price discrimination.
C. price discrimination or peak-load pricing.
D. None of the statements is correct.
Answer: C
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Why is it that the private market fails to provide the efficient quantity of a public good?
a. because it is impossible to force those who benefit from the good to pay for it b. because public goods are always large-scale projects that require government financing c. because there are external costs associated with the provision of a public good d. because there are uninsurable risks associated with a public good
The government budget surplus equals
A. government receipts minus government outlays. B. government purchases minus transfers. C. government purchases plus transfers. D. government purchases minus net receipts.