If an athlete were to pick the sport where it would be the easiest to move to a desired city, it would be
A. NBA basketball.
B. European soccer.
C. NFL football.
D. Major League Baseball.
Answer: B
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If an asymmetry of information is removed and laborers' preferences change against employment, this will shift the equilibrium in the labor market to the
A. northwest. B. northeast. C. southwest. D. southeast.
Which of the following statements is correct?
a. Environmental degradation is an example of a free rider problem.. b. The division between public goods and common resources is clear-cut. c. Some goods, such as lighthouses, may be either private or public goods. d. The free-rider problem prevents governments from supplying public goods.
If the public decides to hold less currency and more deposits in banks, bank reserves
a. decrease and the money supply eventually decreases. b. decrease but the money supply does not change. c. increase and the money supply eventually increases. d. increase but the money supply does not change.
Assume that the price for lawn care has fallen and sales of lawn care services have also fallen. One can conclude that
A) the law of supply has been violated. B) the number of lawn care service companies has increased. C) the demand for lawn care service has decreased. D) lawn care services are deliberately charging low prices because they want to discourage people from maintaining their own lawns.