Which of the following statements is true about public goods?
a. They are always produced by the government.
b. The market-determined output is efficient.
c. The government can hire a private entity to produce a public good.
d. Nonexcludability is sufficient condition for a good to classified as a public good.
C
Economics
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Earliest records of management (who does what) are found on the walls of cave dwellings in:
a. Siberia b. Rome c. Western Europe, most notably France d. Nigeria
Economics
In the sequential labor negotiation game:
a. The first mover has an advantage b. The second mover has an advantage c. There is no advantage to either mover d. none of the above
Economics