Markets work well for allocating ________ efficiently, but not always so well for allocating ________.
A. common resources; public goods
B. public goods; common resources
C. public goods; private goods
D. private goods; public goods
Answer: D
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Wait unemployment and search unemployment are both types of
A. structural unemployment. B. cyclical unemployment. C. frictional unemployment. D. hidden unemployment.
Discuss how a single bank creates money. What is the limit to which a single bank can add to the money supply? By how much can an entire banking system add to the money supply?
Which of the following accurately contrasts consumption and investment?
a. Investment is a much larger component of aggregate demand than consumption. b. Consumption involves government purchases, whereas investment involves household purchases. c. Consumption includes purchases by households, whereas investment includes purchases by firms. d. Investment is more influenced by disposable income than is consumption.
The 2010 U.S. Federal Personal Income six tax brackets range from 10 percent for individuals earning less than $8,025 to 35 percent for those earning over $357,700 whereas the Lithuanian tax rate for all citizens' income is 24 percent
The Lithuanian income tax system is a ________ tax and the U.S. income tax system is a ________ tax. A) progressive; proportional B) regressive; progressive C) proportional; regressive D) proportional; progressive