Wikipedia is an example of a:
A. a common resource.
B. an artificially scarce resource.
C. a private good.
D. a public good.
Answer: D
Economics
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Which of the following programs provides economic security to the elderly, disabled, widows, and fatherless children in the U.S.?
A) Social security B) Income security C) Federal household assistance program D) Federal income administration program
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The maximum amount a rent seeker would pay for a monopoly is the ________
A) market price B) deadweight loss C) monopoly's economic profit D) monopoly's normal profit
Economics