The free-rider dilemma is associated with:
A.) Private goods.
B.) Public goods.
C.) Externalities.
D.) Market power.
B.) Public goods.
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The HPAE focused their education spending on the university level to better develop high technology workers
Indicate whether the statement is true or false
The law of demand can be stated as all else equal:
A. quantity demanded rises as price falls. B. quantity demanded rises as price rises. C. quantity demanded rises as income rises. D. demand rises as price falls.
If a country devotes its resources to acquiring more physical capital it will:
A. not have less overall GDP in the future. B. have more current consumption. C. not face the investment trade-off. D. have more GDP per capita in the future.
For the purposes of GDP accounting, government purchases include:
A. the purchases of new military equipment. B. Social Security payments. C. direct transfer payments by the government to other individuals. D. welfare payments.