A good example of a public good is ?

Related Mcqs:

The law of demand states that an increases in the price of a good ?

A. None of these answers B. decreases the quantity supplied of that good C. decreases the quantity demanded for that good D. increases the quantity supplied of that good...

A shift is demand will have more effect on price than quantity if ?

A. The price elasticity of supply is price inelastic B. The price elasticity of supply is price elastic C. The price elasticity of supply is perfectly elastic D. The price elasticity of supply is infinity...

A monopoly may be self-perpetuating because profits may be used for ?

A. research B. cost-saving C. technical advance D. all of the above...

An increase in income will ?

A. Lead to a movement along the demand curve B. Shift the supply curve C. Shift the demand curve D. Lead to an extension of demand...

If a government were to fix a minimum wage for adult workers, economists would predict ?

A. wages in general would fall as employers tried to hold down costs B. fewer young workers would be employed C. the costs and prices of firms employing cheap labour would increase D. there would be more unemployment...