Where a free-rider problem exists, goods tend to be:
a. underproduced
b. overproduced.
c. high-priced and available only to the rich.
d. low priced and available only to the poor.
a
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The tuna-dolphin dispute was ruled by the WTO in favor of nations that _______________. The ruling said that trading partners _______________ bar imports based on _______________.
a. exported tuna to the United States and Europe; could not; a production process such as the size of the nets used b. imported tuna; could; the production process c. cared about wildlife in the seas; could; concerns over the safety of dolphins d. produced seafood products; could not; the way the products were used, such as in pet food
A reduction in tax rates may result in a short-term reduction in government revenues, but it will also leave people with more disposable income.
a. true b. false