If GDP increases in the model of public goods
A) people are richer, so they need less public goods.
B) there is substitution from private goods to public goods.
C) if the government provides public goods optimally, public and private goods production both increase.
D) all of the increase in GDP goes into public goods.
Correct Answer:
Verified
Q60: Suppose total factor productivity increases. Which of
Q61: In the model of public goods
A) government
Q62: If public goods can be produced more
Q63: In the model of public goods
A) GDP
Q64: The Laffer curve is a curve showing
A)
Q65: When the tax rate increases,the tax revenue
A)
Q66: Supply-side economists argue that
A) one should get
Q67: The tax base is
A) the average tax
Q69: At the competitive equilibrium with a positive
Q70: In the model of public goods,when the
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