Some people do not engage in free riding, even when there is no cost or chance or reprisal. Discuss why?
What will be an ideal response?
Answers will vary but many people find it immoral to benefit without fully contributing. Others find the process of engagement fulfilling as they strive to find optimal outcomes for public goods.
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Based on the following information, what is the balance on the current account?
Exports of goods and services = $12 billion
Imports of goods and services= $14 billion
Net income on investments = -$4 billion
Net transfers = -$1 billion
Increase in foreign holdings of assets in the United States = $6 billion
Increase in U.S. holdings of assets in foreign countries = -$3 billion
A) -$7 Billion
B) -$3 billion
C) -$2 billion
D $1 billion
Equilibrium price must decrease when demand
a. decreases and supply does not change, when demand does not change and supply increases, and when demand decreases and supply increases simultaneously. b. decreases and supply does not change, when demand does not change and supply increases, and when demand increases and supply decreases simultaneously. c. increases and supply does not change, when demand does not change and supply decreases, and when demand increases and supply decreases simultaneously. d. increases and supply does not change, when demand does not change and supply decreases, and when demand decreases and supply increases simultaneously.
Some economists argue that the minimum wage:
A. leads some employers to pay workers cash and then report these payments to the government. B. drives some labor to occur "under the table." C. causes some employers to hire undocumented migrants driving up wages overall. D. All of these are true.
You have paid all expenses to travel to your favorite beach for a vacation. You made these payments early in order to receive a discount and all payments are nonrefundable. Unfortunately, a hurricane is likely to crash into the coast during your vacation dates. What should not be considered as you make a decision to take your trip or not?
A. The money that has already been spent on the trip B. The best alternative use of your time if you do not take the trip C. The additional costs you didn't anticipate while on the trip. D. The satisfaction you are likely to receive at the beach during a hurricane