The concept that Mr. Jones is going to enjoy the benefits of police protection even though he no longer pays taxes is called
A) the free-rider problem.
B) the negative externality principle.
C) the principle of rival consumption.
D) the principle of anti-trust.
A
Economics
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Use the following table to answer the next question.YearAltaZornAltaZorn?(Real GDP)(Real GDP)(Population)(Population)1$2,000$150,00020050022,100152,00020250532,200154,000210508Per capita GDP was about
A. $303 in year 3 in Zorn. B. $5 in year 2 in Alta. C. $105 in year 3 in Alta. D. $200 in year 1 in Zorn.
Economics
In the aggregate expenditures model, the equilibrium real GDP is
A. assumed to be equal to the full-employment real GDP level. B. always less than the full-employment real GDP level. C. always above the full-employment real GDP level. D. not necessarily equal to the full-employment real GDP.
Economics