Which of the following is likely to overcome the free-rider problem?
A. offer people a private gift for contributing
B. arrange for matching contributions
C. appeal to people's sense of civic or moral responsibility
D. All of these
Answer: D
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Ceteris Paribus, if current output has fallen below potential ________
A) a positive inflation gap will ensue B) it is likely that the equilibrium real rate has fallen below the policy rate C) a negative unemployment gap will ensue D) it is likely that the equilibrium real rate has risen above the policy rate E) none of the above
The successes of the 1960s were ascribed to the effects of
a. classical policies from the 1800s. b. classical policies from the 1930s. c. classical policies from the 1950s. d. Keynesian policies from the 1930s. e. Keynesian policies from the 1950s.
A single proprietorship is a form of business organization which:
a) has limited liability. b) has unlimited access to money capital. c) has a single owner but has directors who are responsible for the firm?s debts. d) has one owner-manager who is personally responsible for the firm?s actions and debts. e) allows easy transferability of ownership by the trading of shares.
Hedging is possible only when investments have:
A. the same risk premiums. B. payoffs that are independent of each other. C. opposite payoff patterns. D. the same payoff patterns.