Over the air television signals are ____________ ; television signals available through cable are
a. Public goods, public goods
b. Public goods, common property resources
c. Private goods, private goods
d. Common property resource, private goods
c
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In the case of public goods, the ability to free ride on the efforts of others is an example of
A) low transactions costs. B) insecure property rights. C) government subsidization. D) mutual assurance.
Strategic trade policy requires ALL of the following EXCEPT
A) subsidies set before output levels. B) non-retaliation of the trading partner. C) credible actions on the part of the subsidizing government. D) incomplete information on the part of the government.
Discouraged workers are defined as those: a. whose productivity is low because working in dead-end jobs reduces their morale
b. who are counted as frictionally unemployed, having become dissatisfied with their previous jobs. c. who are counted as structurally unemployed, lacking training for the skilled positions for which they are applying. d. who have given up looking for a job and are not counted as unemployed.
If you wanted to compare the quantity of output of a country across time periods, which of the following would you use?
a. the consumer price index b. nominal GDP c. the GDP deflator d. real GDP