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☆☆☆☆☆Public goods are non-excludable, so they suffer from a free-rider problem.
A surplus of supply
it increases the tax as income rises
Why might the government freeze assets?
To stop crime activity.
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.
Income
Farmer's market where fresh products are sold hearby.
Rationing is not an example of a trade restriction.
Censorship limits freedom of expression. It also limits the right of TV viewers, art viewers, or book readers to choose the content they want to take in.
The development of a new energy source reduces production costs for a company.
The friend buys millions of dollars in Treasury bonds
A restriction on when a union may call a strike
cutting taxes
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
Merit good : education
Public good : national security
Individual good : food
Issue bonds
1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.
- Price fixing: a group of companies agree that all of them will charge the same price.
3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.
