Free riding is primarily a characteristic of pure private goods

Indicate whether the statement is true or false


FALSE

Economics

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Suppose that the productivity used to produce computers advances. How does this change affect the supply of computers and the supply curve of computers?

What will be an ideal response?

Economics

In the 1960s, many economists and policymakers believed the trade-off between inflation and unemployment was permanent

Indicate whether the statement is true or false

Economics

According to the Laffer curve, tax evasion occurs in the same conditions that promote ______.

a. maximum tax revenues b. high incentives to work c. low incentives to invest d. maximum savings

Economics

Which of the following events would allow the production possibilities curve to shift outward?

A. More teenagers enter the labor force. B. The economy's capital stock declines. C. Technology is lost. D. People begin to retire at earlier ages.

Economics