A. the rivalness problem
B. the public goods problem
C. the Tragedy of the Commons.
D. The free-rider problem.
Related Mcqs:
- When government employ cost-benefit analysis to help them decide whether to provide a public good, measuring benefits is difficult because ?
A. there are no benefits to the public since a public good is not excludable
B. the benefits are infinite because a public good is not rival and an infinite amount of people can consume it at the same time
C. one can never place a value on human life or the environment
D. respondents to naires have little incentive to tell the truth. - _______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?
A. incomes policy
B. Moral hazard
C. Wagner’s law
D. Fiscal policy - What is called when a private company first offers shares to the public market and investors ?
A. Public offering
B. Public floating
C. going public
D. Coming public - In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?
A. Orderly marketing
B. trigger pricing
C. domestic content pricing
D. dumping - ________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods?
A. generalized system of preference
B. countervailing duty
C. domestic content
D. safeguards - There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?
A. Grey market
B. Over-the counter (OTC)
C. Open market
D. Back market - If a producer has market power (can influence the price of the product in the market) then free market solutions ?
A. are equitable.
B. are efficient
C. maximize consumer surplus
D. are inefficient - If all firms in a market have identical cost structures and if inputs used in the production of the good in that market are readily available, then the long-run market supply curve for that good should be ?
A. downward sloping
B. perfectly inelastic
C. upward sloping
D. perfectly elastic - Which of the following is not a public policy to promote the private sector ?
A. Investigating development potential through scientific and market research and natural resources surveys
B. Providing adequate infrastructure for public and private agencies
C. Creating markets, including commodity markets, security exchanges, banks credit facilities and insurance companies
D. Increasing market monopolies and oligopolies to help producers - Private goods are ?
A. non-rival in consumption and their benefits are nonexcludable:
B. rival in consumption and their benefits are excludable
C. rival in consumption and their benefits are non-excludable
D. non-rival in consumption and their benefits excludable
