The government giving the ownership of a pond to a citizen to reduce over fishing is a method to prevent _____
a. the free rider problem
b. the tragedy of the commons
c. asymmetric information
d. deadweight loss
b
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Refer to the figure above. What is the market-wide consumer surplus when the market price of wine is $9?
A) $180,000 B) $90,000 C) $60,000 D) $210,000
One of the important points of criticism of industrial policy is that: a. it can lead to stiff competition among the domestic firms in an economy. b. small domestic firms will not be able to survive economic clustering
c. government sponsored research will end up benefitting foreign countries. d. it can prohibit regional innovations. e. the knowhow in one firm will not spill over to other firms in an economy.
The coupon rate is the percentage of
A) profits distributed to bondholders. B) profits distributed to stockholders. C) the face value of the bond that is paid out regularly to the bondholder. D) the assets of the corporation that is paid out regularly to each stockholder.
Suppose the cost of growing organic corn has risen at the same time as consumer preference for organic corn has fallen. In the market for organic corn, this would be represented by the equilibrium price ________ and the equilibrium quantity ________
A) increasing; increasing or decreasing B) increasing or decreasing; decreasing C) decreasing; increasing or decreasing D) increasing or decreasing; increasing