Which of the following collective consumption goods does not become a private consumption good at some level of use?
a. highway
b. swimming pool
c. national defense
d. television
c
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One of the sources of cyclical unemployment is _____
a. flexible wages b. sticky downward wages c. the constant movement of workers between jobs d. the fundamental changes in the nature of an economy
Which of the following has been a problem faced by the FDIC in its provision of federal deposit insurance?
A. a relatively low number of bank failures each year, which has reduced the need for deposit insurance B. adverse selection arising from the tendency for banks to take on more risk after they receive deposit insurance C. moral hazard arising from the tendency for the highest-risk banks to be those most interested in obtaining deposit insurance in the first place D. moral hazard arising from the tendency for banks to take on more risk after they receive deposit insurance
Holding all else constant, a rise in interest rates in the United States will cause the dollar to appreciate in international exchange markets
Indicate whether the statement is true or false
Under perfect competition, which of the following are the same (equal) at all levels of output?
a. Price and marginal cost b. Price and marginal revenue c. All of the answers are correct. d. Marginal cost and marginal revenue