Answer to Question #190250 in Macroeconomics for James

Question

QUESTION 5

What are the defining characteristics of public goods?

1. Excludable and rival.
2. Excludable but not rival.
3. Rival but not excludable.
4. Neither excludable nor rival.
5. All of the above.

QUESTION 6

The reason for requiring immunizations is:

1. That it prevents spillovers of illness to others.
2. That it punishes individuals by inflicting pain.
3. That it prevents disease in those who are immunized.
4. That it harms society.
5. All of the above.  

QUESTION 7

An incentive that does not involve the government’s close scrutiny of specific projects is:

1. To give firms a reduction in taxes depending on how much R&D they do.
2. Direct support of research and development.
3. To give firms tax breaks for specific projects.
4. All of the above.
5. None of the above.

QUESTION 8

How much of the total economic benefits from innovations does the original inventor receive?

1. Approximately 1/10.
2. Exactly 1/6.
3. Less than 1/2.
4. At least 4/7.
5. More than 13/8.

Answer 1

5.)Neither excludable nor rival.

6.)That it prevents disease in those who are immunized.

7.)To give firms a reduction in taxes depending on how much R&D they do.

8.)Less than 1/2.