Overuse of a common resource may be avoided by all of the following methods except
A) charging for the use of a common resource.
B) government taking over ownership of all private common resources.
C) setting quotas or legal limits on the quantity of the common resource consumed.
D) issuing tradable permits for the use of a common resource.
B
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Economists use the phrase, "dollar bills left on the sidewalk" for describing systematically missed opportunities
Indicate whether the statement is true or false
The _____ effect states that a lower price level reduces the amount of money people wish to hold. When they lend out their excess savings, the _____ falls causing investment spending to rise and increases the quantity of goods and services demanded
Fill in the blank(s) with correct word
The routes or channels that ripple effects created in the money market travel to impact the goods-and-services market are known as
A) the transmission lag. B) monetary policy. C) the liquidity trap. D) the transmission mechanism.
In the above table, the average propensity to consume when income is $9,000 is
A. 0.0. B. 0.9. C. 0.1. D. 0.8.