When the free rider problem is present in a market the good:
A. will be oversupplied.
B. will be under consumed.
C. is rival in consumption.
D. is not excludable.
D. is not excludable.
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Savings and loan associations are not a financial intermediary
a. True b. False
The lion's share of government spending on education in 2007 was done by
a. the private sector b. state and federal governments c. local and state governments d. the federal government e. the state governments
The U.S. Congress passed a stimulus bill in February 2009 to help remove the economy from a recessionary gap. This is an example of the use of
A) expansionary monetary policy. B) contractionary monetary policy. C) contractionary fiscal policy. D) expansionary fiscal policy.
Any tax reduction shifts the consumption schedule upward.
Answer the following statement true (T) or false (F)