Which of the following is an example of a public good?
A) Amtrak rail transport services
B) services of the U.S. Post Office
C) the provision of medical care
D) the provision of national defense
Answer: D
Economics
You might also like to view...
Which of the following would be evidence against rational expectations?
a. unpredictable changes in policy have real effects. b. new information leads to changes in output. c. the public never make mistakes with respect to price level predictions. d. changes in stock prices change much more often than new information becomes available.
Economics
An investment opportunity has two possible outcomes, and the value of the investment opportunity is $250. One outcome yields a $100 payoff and has a probability of 0.25. What is the probability of the other outcome?
A) 0 B) 0.25 C) 0.5 D) 0.75 E) 1.0
Economics