In economics, the term "free rider" refers to
A) a person who evades taxes.
B) one who waits for others to produce a good and then enjoys its benefits without paying for it.
C) a supervisor who delegates menial time-consuming activities to others.
D) one who volunteers her services.
B
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In Obamacare (the Affordable Care Act) gives low-income families
A) vouchers for healthcare. B) subsidies to buy private healthcare insurance. C) full access to Medicaid. D) full access to Medicare..
The national debt is unlikely to cause national bankruptcy because the:
A. national debt can be refinanced by issuing new bonds. B. interest on the public debt equals GDP. C. national debt cannot be shifted to future generations for repayment. D. federal government cannot refinance the outstanding national debt.
Other things remaining unchanged, if American exports to Japan increase and American imports from Japan decrease, then under a floating exchange-rate system, we would expect
A. the yen value of a U.S. dollar to be higher in Tokyo than in New York. B. the U.S. dollar to appreciate. C. the supply curve of Japanese yen to shift inward. D. the demand for Japanese yen to increase in the foreign exchange market.
A $1.00 change in the value of stocks changes consumption and investment by about
A. $1.10. B. $1.00. C. $.10. D. $.04.