Which of the following is a free rider?
a. Butch breeds the feared pit bulls, and his neighbors now erect fences around their property.
b. Fred watches many public television programs, but he has never sent in a contribution.
c. Barry steals candy from the store where he works.
d. Betty regularly uses the local public library.
e. Joe drives 20,000 miles a year on public streets, but he pays no more in taxes than Sam, who only drives 1,000 miles.
b
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Based on this graph, national debt reached the highest percentage of GDP ______.
a. during the Great Depression
b. before World War I
c. after World War II
d. during the Recession of 2008–2009
A person's productive contribution in a capitalist society is measured by determining the
A) market value of the individual's output. B) comparable output of other workers in similar jobs. C) total number of goods produced by the individual. D) index of occupational values.
What factors have contributed to growing inequality in incomes in the United States?
What will be an ideal response?
If the MPC in an economy is 0.75, government could shift the aggregate demand curve leftward by $60 billion by
A. reducing government purchases by $60 billion. B. reducing government purchases by $12 billion. C. increasing taxes by $15 billion. D. increasing taxes by $20 billion.