A "free rider" is someone who
A) pursues his or her own selfish interests.
B) generates negative externalities for everyone else.
C) accepts benefits without paying his or her share for receiving the benefits.
D) actually improves the efficiency of market processes by buying low and selling high.
C
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If the marginal social benefit of pizza exceeds the marginal social cost of pizza, the economy is producing the efficient quantity of pizza
Indicate whether the statement is true or false
When inflation rises, bond sales prices fall.
Indicate whether the statement is true or false
Economists consider rent seeking activity to be highly productive.
Answer the following statement true (T) or false (F)
Refer to the accompanying figure.
Based on the figure, the income-expenditure multiplier equals:
A. 0.5. B. 2. C. 200. D. 5.