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About microeconomic.?

  
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About microeconomic.?

Postby elton » Wed Aug 01, 2012 11:36 pm

A way to counter the tendency of bureaucrats to expand their budgets is to

a.not provide any public goods at all.
b.make bureaucratic positions elected offices.
c.hire private firms to produce the good and sell it to the government.
d.do none of the above.

Which of the following help explain why some people are rich and some are poor; and which has the greatest impact on a person's income?

a.size of household; sex of person
b.martial status; sex of person
c.age of householder; race
d.all of the above answers are correct; education

A legal device for establishing intellectual property rights is ----, and they ____.

a. the Coase theorem; lead the market to produce more than the efficient level of output.
b. a voucher; have no economic cost.
c, the patent or copyright; give inventors a temporary monopoly.
d. a subsidy; discourage innovation.
elton
 
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About microeconomic.?

Postby ludano17 » Wed Aug 01, 2012 11:37 pm

1) Not sure.

2) I would guess d)

3) c)
ludano17
 
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