A private good with external benefits is a public good.
Answer the following statement true (T) or false (F)
False
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A constant differential between the interest rates of two countries over different terms to maturity implies that future changes in the exchange rate are expected to occur at a(n) ________ rate
A) constant B) increasing C) decreasing D) None of the above
The behavior of regulators when trying to win approval for their actions from their entire constituency is best described by the
A) capture hypothesis. B) law of increasing social well-being. C) share-the-gains, share-the-pains hypothesis. D) marginal benefit pricing hypothesis.
One characteristic of cattle that makes them unsuitable as a medium of exchange is that they are not easily divisible
a. True b. False Indicate whether the statement is true or false
The Japanese economy is stuck in a recessionary gap. The proper fiscal policy could include a(n)
a. decrease in taxes. b. increase in government purchases. c. increase in transfer payments. d. All of the above are correct.