0
Rate this Study Guide:
☆☆☆☆☆To pay for specific social programs
Public goods are non-excludable, so they suffer from a free-rider problem.
A surplus of supply
Producers driven by the profit motive seek to reduce their competition.
Environmental-protection laws can be bad for the economy because they may increase unemployment.
The colonizers used the resources of their colonies to grow their own economies.
To win political support
A coupon bearing bond is a bond with a flat yield curve. This is a non interest bearing bond. There really would be no sense in purchasing a bond that does not gather any interest.
Civil Rights, those rights that most take for granted. Segregation affected all aspects of life for those segregated; Politics, Social, Educational, Judicial, etc.
greater consumer confidence
The pressure to make profits is increased.
oversee production
test products such as drugs and automobiles for safety (APEX)
banks are usually unwilling to fund a business in its early stages of development
property taxes
A restriction on when a union may call a strike
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.
