To an economist, a free rider is a person who
A) uses private goods without paying for them.
B) benefits from consuming public goods without paying for them.
C) consumes demerit goods.
D) uses the public transportation system without paying for it.
B
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To operate efficiently, an economy generally "needs" ________ unemployment
A) structural B) cyclical C) seasonal D) frictional
Changes in the natural rate of unemployment are related to changes in the composition of the labor force and to the changes in the productivity of the economy over time
Indicate whether the statement is true or false
The difference between a firm's assets and its liabilities is known as:
A) limited liability B) stock C) equity D) profit
In the 1960s, about 80% of the mergers were of the __________ variety.
A. horizontal B. vertical C. conglomerate D. conventional