Pure public goods:
A. are, by definition, goods and services provided by the government.
B. should always be provided by government.
C. should always be provided by private firms.
D. are frequently provided by the government, and are sometimes provided by private firms.
Answer: D
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One of the major purposes of reserve requirements is to provide:
a. Sources of foreign exchange. b. Sources of foreign investment funds. c. Cash flow for business firms. d. Monetary authorities with a means of regulating the lending ability of banks. e. Banks with the means to make loans.
Refer to the information provided in Table 22.1 below to answer the question(s) that follow. Table 22.1PersonWeight (lbs)Abe160Boris210Calvin300Darius185Eddie240Franklin175A study to determine the effect that the weight of an average 6 ft. tall man has on the incidence of Type 2 diabetes was conducted in a small town. The six participants and their corresponding weights are listed in the table.Related to the Economics in Practice on p. 728: Refer to Table 22.1. When using regression discontinuity, if this study had a threshold of 180 pounds, the outcomes of which individuals would be compared?
A. Boris, Calvin, Darius, and Eddie B. all six individuals C. Abe and Franklin D. Franklin and Darius
The average starting salary for a history major is $29,500. If the CPI was 147.5, the real salary is
A) $200.00 an hour. B) $20,000. C) $35,000. D) $43,513. E) $14,750.
If a country has a population of 300 million, 135 million people employed and 15 million people looking for work, then its unemployment rate is
A. 5%. B. 10%. C. 15%. D. 35%.