Recall the Application about the benefits generated when one country gathers information on global weather to answer the following question(s).Recall the Application. Weather monitoring is:
A. a public good.
B. a private good.
C. impossible because it requires international cooperation.
D. efficiently provided by private markets because it is profitable.
Answer: A
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Which of the following is NOT included in the monetary aggregate M2?
A) currency B) savings bonds C) traveler's checks D) checking deposits
Consider the two graphs above. Suppose that final goods are assembled only when ordered and to satisfy the precise preferences of each consumer. This would ________ the desired level of inventories, as depicted in graph ________
A) increase; B B) increase; A C) decrease; B D) decrease; A
During recessions, consumers tend to purchase more durable goods, so that sales of new durables are relatively strong
Indicate whether the statement is true or false
In the majority of cases where there is a natural monopoly in the United States, the government usually deals with the problem
a. by splitting the natural monopoly into smaller companies. b. through regulation. c. by turning the natural monopoly into a public enterprise. d. by doing nothing.