In Sweden
A. the government has kept unemployment low by offering industry and workers a series of subsidies and incentives.
B. education is free from nursery school through college.
C. women may take a year off work after child birth while receiving 80 percent of their pay.
D. All of the choices are true.
D. All of the choices are true.
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The ability of a firm or country to produce a good or service at a lower opportunity cost than other producers is called absolute advantage
Indicate whether the statement is true or false
If a good is nonexcludable,
a. the providing it is Pareto optimal b. people have an incentive to become free riders on that good c. then it is probably also nonrival d. then it is a pure public good e. then it is a pure private good