Governments at the local, state, or federal level create monopolies by awarding a single firm the exclusive right to supply a good or service. Examples include food concessions at airports and sports events, cable-access television, and garbage collection

The free-rider problem may arise in case of ________

A) public goods B) private goods C) club goods D) inferior goods

Which of the following would slow down productivity growth?

a. A change in the composition of the workforce so that more middle-aged people and fewer young people are working b. A change in the composition of the workforce so that organizations hire more men who work steadily throughout the year than men who frequently enter and leave the workforce c. The quality of education remaining unchanged d. People starting to invest more in capital goods e. Firms starting to cut down the size of their labor force