Which of the following is a solution to the free rider problem when dealing with public goods?
a) The government levies taxes to fund projects which benefit the public good. b) Private firms take over projects which benefit the public good. c) Anyone interested in a given public good project may contribute to its cost. d) The government and private industry join together to fund projects which benefit the public good.
Which of the following is NOT a public good?
a) Textbooks b) National defense c) Flood control projects d) Bridge construction
The fact that Yale graduates George Bush and John Kerry were both members of the superelite and secretive Skull and Bones society is an example of money and connections giving elites access to political power.
Indicate whether this statement is true or false.
All political scientists agree that in democracy elites make the actual decisions while the masses generally go along with it.
Indicate whether this statement is true or false.
What of the following is NOT a problem that liberals identify with the market?
a) It generates poverty and inequality. b) It does not adequately promote innovation. c) It leads to over-production. d) It does not eliminate unemployment.
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