Free-riding is a problem associated with
a. nonrivalrous goods.
b. nonexclusive goods.
c. both nonrivalrous and nonexclusive goods.
d. neither nonrivalrous nor nonexclusive goods.
b. nonexclusive goods.
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Economic growth requires
A) private foreign investment. B) domestic budget deficits. C) investment in human capital. D) governance according to the will of whoever is in charge.
If the price of a product is above equilibrium, what forces it down?
What will be an ideal response?
Which of the following is not an example of price discrimination?
A. mattress sales on Memorial Day B. student discounts at museums C. rental car companies charging lower prices to local residents than to out-of-state residents D. children's discounts at amusement parks