Common property often results in
A) a negative externality.
B) a social benefit.
C) more efficient production of goods.
D) exclusive rights of ownership.
Answer: A
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Consider estimating the effect of the beer tax on the fatality rate, using time and state fixed effect for the Northeast Region of the United States (Maine, Vermont, New Hampshire, Massachusetts, Connecticut and Rhode Island) for the period 1991-2001
If Beer Tax was the only explanatory variable, how many coefficients would you need to estimate, excluding the constant? A) 18 B) 17 C) 7 D) 11
Why would a candidate for political office speak in general instead of specific terms?
A) Because he or she believes voters want to hear generalities, not specifics. B) Because he or she believes voters are too busy to listen to specifics. C) Because he or she believes that specifics are too likely to label him or her as a member of an extreme-wing, and politically this would be undesirable. D) Because it is cheaper to get the message out if it is worded in general instead of specific terms.