Most economists believe that the market __________ produce nonexcludable public goods because of the __________
A) will; monetary incentive they have to produce them
B) will not; externality problem
C) will not; free rider problem
D) will; market shortage that often accompanies the production of public goods.
E) none of the above
C
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The table below shows data for the United States
Nominal Interest Rate Inflation Rate 2013 5.25 4 2014 5 2 2015 4.5 4.3 Between 2013 and 2014, the real interest rate ________ and caused a ________ the demand for loanable funds curve. A) increased; rightward shift B) decreased; leftward C) increased; movement upward along D) decreased; downward along
One of the ways the market for used cars copes with the problems associated with private information is through the offering of
A) leases. B) warranties. C) low interest rates. D) low prices.
The ________ the defendant's assessment of the expected payment to the ________, the ________ likely the case will be settled.
A) larger; plaintiff; less B) larger; plaintiff; more C) smaller; judge; more D) smaller; judge; less
Along a perfectly elastic demand curve,
a. the slope is always zero. b. the price elasticity of demand is 1. c. consumer purchases will not respond at all to a change in price. d. All of the above are true.