Ways to address free riding include
A) profit-sharing.
B) subjective evaluations.
C) improved monitoring.
D) all of these choices.
D
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The unit of value function of money refers to how we think about and record a transaction, whereas the means of payment function refers to how we actually pay for the items
a. True b. False
In the event of excess supply in the coffee market:
A. the price of coffee will increase. B. the price of coffee will decrease. C. the supply of coffee will decrease (supply will shift to the left) to meet the demand. D. the demand for coffee will increase (demand will shift to the right) to meet the supply.
When income taxes are ________ progressive, then output is ________ sensitive to price-level changes
A) more; more B) more; less C) less; more D) less; less
For a monopolist to practice effective price discrimination, one necessary condition is:
a. identical price elasticity among groups of buyers. b. differences in the price elasticity of demand among groups of buyers. c. that the product is homogeneous market. d. none of these.