key assumption of the Tiebout model is that? a.Wealth is distributed inequitably. b.Individuals face high costs to relocate to a new community. c.Residents do not have information about the public goods provided at different communities. d.Individuals can move freely between a large number of communities.

key assumption of the Tiebout model is that? a.Wealth is distributed inequitably. b.Individuals face high costs to relocate to a new community. c.Residents do not have information about the public goods provided at different communities. d.Individuals can move freely between a large number of communities.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 6E

See similar textbooks

Similar questions

Which statements are TRUE? A. Urbanization, when centralized, leads to migration to and congestion of centers of development. B. Underdevelopment is a point of equilibrium just as development is. C. Pareto improvement is possible in situations where better Gini coefficient already exists. D. In the process of development, pecuniary externalities can be totally avoided.
Identify the of government policies promoting innovation and social benefit represented by the following type scenarios: A. Research and Development B. Subsidies. C. Neither D. Taxation 1. Green Energy Co. received a tax rebate for projects involving solar energy V 2. Federal grant programs provide funding to universities for research 3. The federal government provides National Defense 4. The state of Arizona provides funds to its state colleges in preeree
The idea that contact with others with high levels of human capital increases ones own human capital is called human capital A.contagion. B.externality. C. transference. D.convergence.
An example of a firm that would least likely be recognized as socially responsible isa. a farm that specializes in organically grown produce.b. a builder that constructs energy-efficient homes.c. a manufacturer of pollution-control equipment.d. a high fee, low return investment company.
Which one of the following statements is false? a. The economically optimal level of pollution based on standard environmental economics is always less than the absorptive capacity of the environment.b. Standard economic theory generally assumes substitutability between resources.c. Satellite accounts can indicate the abundance or scarcity of natural resources over time.d. Cutting down forests is an example of natural capital depreciation.e. Complementarity suggests that both natural and manufactured capital are necessary for production.
2. Heathcorp depends on Bill's computer skills to keep their company adequately serving its customers so that Heathcorp can continue to earn annual profits. In exchange, Heathcorp pays Bill a salary that he depends on to pay his bills. Bill and Heathcorp both pay taxes to help support the government which provides them with protection. This scenario is an example of A. economicinterdependence. B. government regulation. C. capital investment. D. investment in human capital.
The main problem with public goods is that: a. They lead to depletion of resources such as stock of fish. b. Typically, the private sector alone finds no incentive to provide them. c. If provided, they generate economic inefficiency. d. Exist in theory, but not in the real world.
85. All of the following would be government solutions to externality problems EXCEPT: a.public sector charities. b.taxes and subsidies. C. command and control. d.tradable allowances. 86. Control of the media does not enable special interest groups to control the government for their own ends. a. True b.False 87. Studying politics doesn't pay because the outcome of any election: a.is mostly determined by what other people do, not by what you do. b.is mostly determined by what you do, not by what other people do. c. is always inconsistent with the expectation. d.can be manipulated by politicians.
The assumption that self-interest is a primary motivating force in economic activity is a proposition advanced by which explanation of long term economic change? a. Exploitation explanation b. Environmental explanation c. Population explanation d. Market Explanation
Please help.Answer only. Rate will be given I. Examples of implicit costs are a. Time b. Opportunity c. All of the above d. None of the above ii. The following are examples of externalities except a. Pandemic b. Low production c. Noise pollution from construction d. Air pollution from the factory
What is a market-failure rationale for the government investing in transportation and infrastructure, for example roads, highways, bridges and tunnels? a. Government policy acts to correct for the under-provision of private goods by the private, unregulated market. b. Government policy acts to correct for the over-provision of private goods by the private, unregulated market. c. Government policy acts to correct for the over-provision of public goods by the private, unregulated market. d. Government policy acts to correct for the under-provision of public goods by the private, unregulated market.
According to free-market economists: a. when capital goods are allocated by the market, they will go to the firms who can most profitably use them. b. when a surplus or a shortage occurs, changes in prices rapidly send information to firms and households for them to act upon. c. because of the pervasiveness of externalities, there is a role for government regulation. d. All of the above are correct. e. Both a and b are correct. f. Both a and c are correct. g. Both b and c are correct. h. None of the above are correct