Answer to Question #190256 in Macroeconomics for James

Question

QUESTION 27

When a firm invests in new technology, the profits that it receives are:

1. Guaranteed.
2. Illegal.
3. Only a portion of the overall social benefits.
4. Greater than the overall social benefits.
5. All of the above.

QUESTION 28

A key insight into paying for public goods is to find a way:

1. To distribute them fairly.
2. To distribute them efficiently.
3. To encourage free riders.
4. To prevent free riders.
5. To plow without a tractor.

QUESTION 29

These goods are rivalrous, but do not allow free riders to be excluded.

1. Public goods.
2. Club goods.
3. Common resources.
4. Private goods.
5. All of the above.

Answer 1

27. 3)

28. 4)

29. 3)