When a park is funded by visitors, but not by taxpayers in general,
a. there will be too few parks because most people simply will not pay to use a park.
b. visitors will be better served because poor service would lead to reductions in revenues.
c. maintenance in the park will suffer because budgets will decline.
d. we cannot predict what will happen because park funding by visitors has not been tried before.
B
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In the 1850s, the proportion of silver in the currency supply fell, and the proportion of gold rose. This is an illustration of :
a. the quantity theory of money. b. Gresham's law. c. Say's law. d. the Walrasian auctioneer. e. none of the above.
Which of the following industries most closely approximates the conditions of the oligopoly model?
a. legal services b. retail clothing c. milk d. breakfast cereals