A command economic system does not need to be concerned with what to produce, how to produce things, or who will get the goods and services produced
a. True
b. False
B
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The total number of governments in the United States has increased since 1972
a. True b. False
The problem of overfishing in waters that are commonly owned can be solved when the government determines the total amount of fish that can be removed from a given area during each fishing season. Then the fishermen
A. will externalize their private costs to the government. B. will lower their private costs to fish. C. will not be able to fish. D. can trade their rights (shares) to fish or not.
Define the marginal propensity to consume (MPC) and the marginal propensity to save (MPS), and explain why MPC + MPS always equals 1
What will be an ideal response?
The slope of a straight line increases as the numbers on the x-axis become larger
Indicate whether the statement is true or false