Answer Happy

Question 9 Which of the following is not true about Lindahl pricing? a. There is unanimous agreement with the equilibrium in the sense that no individual would be motivated to make a change. O b. Although marginal cost may not equal marginal benefit for all individuals, every individual receives a net gain. c. An obstacle to achieving it is that individuals might be impelled to conceal their true preferences. d. It is an idealized but impractical way to determine equilibrium in a market for public goods.
Question 10 Which of the following explains "market failure" (or non-viability or the "death spiral") of some insurance markets? a. consumption-smoothing. b. moral hazard O c. adverse selection. d. reduced levels of "self-insurance." e. diminishing marginal utility or benefit.
Question 11 3.5 points Save Answ The debt ceiling disputes that arise in the U.S. Congress over whether to raise the ceiling to allow more borrowing and spending could arise from widespread acceptance of O a. Arrow's Impossibility Theorem. O b. direct democracy. O c. the theory of size-maximizing bureaucracy. O d. the median voter model. Oe. Leviathan theory.