Most lighthouses are operated by the government because
a. of the free-rider problem.
b. lighthouses are no longer valued by society.
c. most lighthouses are only tourist attractions in state and national parks.
d. shipping companies would not be able to afford maintenance fees for lighthouses.
a
Economics
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Aggregate income equals:
a. total profits. b. aggregate output. c. aggregate expenditure. d. b and c. e. all of the above.
Economics
Refer to Scenario 10.2. Suppose that in addition to the tax, a business license is required to stay in business. The license costs $1000. What happens to profit?
A) It increases by $1000. B) It decreases by $1000. C) It decreases by less than $1000. D) It stays the same.
Economics