Which of the following is the BEST example of a public good?
A) public transportation by bus
B) clean air
C) community swimming pools for which the user must pay a fee
D) postal services
B
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Which of the following about inflation is true?
a. High rates of inflation are usually associated with wide year-to-year changes in inflation. b. High rates of inflation are usually associated only with very large countries such as the United States. c. High rates of inflation are usually associated only with smaller countries such as Costa Rica. d. High rates of inflation will generally improve the economic efficiency of an economy.
Double taxation means that both
a. the profits of corporations and the dividends shareholders receive are taxed, which is not currently the case in the United States. b. the profits of corporations and the dividends shareholders receive are taxed, which is currently the case in the U.S. c. wage income and employee benefits are taxed, which is not currently the case in the United States. d. wage income and employee benefits are taxed, which is currently the case in the United States.