Some years ago The Wall Street Journal reported that the government of Thailand "plans to launch a chain of more than 3,000 Thai restaurants world-wide over the next five years, with the largest number, more than 1,000, slated for the United States." The Thai government will have a 30 percent minority stake in the restaurants and the rest will be given to Thai owners. The country's deputy commerce minister explains that the government will play an active role in drawing up menus, making sure that genuine Thai food is served and ensuring that 70 percent of supplies for the restaurants are imported from Thailand. Because the Thai government will be part owner of these restaurants, are these restaurants public goods?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q167: "The principle of increasing marginal cost does
Q168: You are studying with a friend and
Q169: Protection of rivers in Idaho is a
Q170: In 2010, the Center for Disease Control
Q171: Why is society's marginal social benefit curve
Q173: What are the differences between public goods
Q174: "The Internet is nonrival, which means it's
Q175: What is the principle of minimum differentiation?
Q176: Some resources are private and others are
Q177: What is a nonrival good? Give an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents