The marginal cost of serving an additional user of a public good is zero.
Answer the following statement true (T) or false (F)
True
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If the government of a developing country is having difficulty selling bonds to build an irrigation system, it could go to the
A) United Nations International Bank. B) World Bank. C) International Monetary Organization. D) Federal Reserve Bank.
Which of the following would not be classified as an oligopolistic industry?
A) Defense contractors. B) The recorded music industry. C) The tobacco industry. D) The women's clothing industry.
Explain why real business cycle theorists believe that business cycles are not a problem
According to the classical? model, if an excess quantity of labor is supplied at a particular wage? level, full employment will be maintained because.
A. the equilibrium wage rate will rise to stimulate spending. B. wages will fall rapidly to permit businesses to continue hiring everyone who wants to work. C. the government will establish special work programs. D. the government will step in and stimulate spending.