The free-rider problem faced by private information-collection firms results in their
A) usually going out of business within a few years.
B) collecting less than all the available information about the firms they investigate.
C) being plagued by lawsuits.
D) charging fees higher than can be justified by market conditions.
B
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Research conducted by Roland Fryer shows that the "blackness" of a mother's name plays a significant role in terms of the woman's overall life outcomes
Indicate whether the statement is true or false
A perfectly competitive firm's marginal revenue exceeds its marginal cost at its current output. To increase its profit, the firm will
A) lower its price. B) raise its price. C) decrease its output. D) increase its output.
The World Trade Organization (WTO) promotes foreign trade and investment, or globalization. In recent years opposition to globalization has led to violent protests at meetings of the WTO. One reason for these anti-globalization protests is
A) protesters believe that free trade destroys the distinctive cultures of many countries. B) protesters believe that globalization will result in a return to communism in developing countries. C) protesters object to the loss of intellectual property (such as software programs and movies) that results from foreign trade and investment. D) foreign trade and investment are examples of zero-sum games.
Suppose that businesses in Japan reduce their spending on plant and equipment. What will be the effect on spending on plant and equipment by businesses in the United States?
What will be an ideal response?