14.Comparing the median income of those 25-34 year old with that of those 35-44 year old illustrated

Group of answer choices

income mobility has worsened

income inequality concerns may be overstated

income mobility has remain fairly constant

income inequality has actually decreased over time (despite the newspaper headlines)

income inequality has worsened as time has passed

income mobility has improved

15.Netflix is best considered

Group of answer choices

A common property good

A club good

A private good

A public good

16.In order to cross the Golden Gate Bridge it now costs every car $7.70. This payment structure is

Group of answer choices

progressive

proportional

elastic

regressive

17.Which of the following presents the smallest negative externality?

Group of answer choices

your roommate buys drums and practices at night while you are asleep.

your roommate begins using your apartment to sell illegal drugs

your roommate buys soy milk (and not regular milk) and drinks it every morning for breakfast.

your roommate begins smoking (and you do not smoke)

20.The State and Market article we read for homework argues that:

Group of answer choices

Microsoft did not need to be regulated

lighthouses are an excellent example of a good that the private sector cannot provide

Microsoft should have been broken up

government regulation is needed in all cases of market failure

Microsoft had to be regulated due to its monopoly power

government failure is less problematic than market failure