A street light is a ________
A) private good
B) public good
C) common pool resource
D) club good
B
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What does the deadweight loss from monopoly measure?
What will be an ideal response?
Under perfect capital mobility and a floating exchange rate system, expansionary fiscal policy leads to
a. an increase in income and the interest rate. b. no change in the interest rate and a fall in the trade balance. c. no change in the interest rate and a decrease in income. d. an increase in interest rates and a fall in the trade balance. e. no change in interest rates and the exchange rate.
Real economy took a sharp turn for the worse immediately after the bankruptcy filing by Lehman Brothers on September 15, 2008.
Answer the following statement true (T) or false (F)
Scarcity means that there is less of a good or resource available than people wish to have
a. True b. False Indicate whether the statement is true or false