Individuals want nonexcludable public good X, but the market does not provide it because of the free rider problem. Government overcomes the free rider problem by ______________ individuals and then either producing good X itself or paying someone to produce it
A) forcing individuals to work longer hours
B) taxing
C) surveying
D) subsidizing
E) none of the above
B
Economics
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The deposit expansion multiplier would decrease if the Fed were to
A) raise the required reserve ratio. B) lower the required reserve ratio. C) lower the discount rate. D) buy bonds.
Economics
For a competitive firm the marginal revenue product of labor is usually downward sloping
What will be an ideal response?
Economics