Income and wealth were equally or evenly distributed by 1860 in the United States
Indicate whether the statement is true or false
False
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________ occurs when one agent in a transaction knows about a hidden characteristic of a good
A) The free-rider problem B) The tragedy of the commons C) Adverse selection D) Moral hazard
Brazil's 1999 crisis was relatively short lived because
A) Brazil's financial institutions had avoided borrowing all together. B) Brazil's financial institutions had avoided heavy borrowing in local currency. C) Brazil's financial institutions had avoided heavy borrowing in dollars. D) Brazil's financial institutions had extended low-interest loans. E) Brazil's financial institutions had extended high-interest loans.
Which of the following allows the greatest value to be generated with a given amount of pollution?
a. Pollution tax b. Regulatory guidelines c. Compliance standards d. Pollution rights
Government intervention is sometimes used to reduce the external costs of production.
Answer the following statement true (T) or false (F)