Merit goods are
a. goods that everyone wants
b. goods that are rewards for appropriate behavior
c. the same as public goods
d. goods that some people think we need more of
e. only produced by the government
D
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Which country has the highest per capita health care expenditures in the world?
A) Canada
B) France
C) United States
D) Japan
In the long run the corporate profits tax may lead to
A. higher prices for the products of corporations as well as higher prices for the products of partnerships and proprietorships. B. higher prices for the products of corporations and lower prices for the products of partnerships and proprietorships. C. lower prices for the products of corporations and higher prices for the products of partnerships and proprietorships. D. lower prices for the products of corporations as well as lower prices for the products of partnerships and proprietorships.