If Spain decreases subsidies to its olive growers, the price of olives in the U.S. will fall.
Answer the following statement true (T) or false (F)
False
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Free riding would be an appropriate description of which of the following behaviors?
a. People who enjoy having nature conserved by The Nature Conservancy but who do not contribute to the organization. b. People crowding into a public park on a nice summer day. c. A fisher putting a more powerful motor on her boat so as to get to the fishing grounds before others. d. Computer software developers who do not charge for their finished programs.
If the government eliminated unemployment benefit payments what would be the effect on the level of real GDP and well being in the economy?
Which of the following must exist for a firm to engage in price discrimination?
A) The firm must be able to identify and separate its buyers into different classes, and the low-price buyers cannot resell the product to the high-price buyers. B) The firm must face an inelastic demand. C) The firm must be able to realize economies of scale. D) The firm must have no more than one class of buyer. E) The firm must be a natural monopoly.
The new monetary policy tool that the Fed began using in 2008 is
A) changing the interest rate paid on reserves. B) imposing a surcharge on credit cards. C) putting a tax on all financial transactions. D) borrowing from China.