If the maintenance fees for a lighthouse are paid in full each year by charging port fees, then the lighthouse is:
a. rivalrous and excludable
b. non-rivalrous and excludable.
c. rivalrous and non-excludable.
d. non-rivalrous and non-excludable.
d
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The Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association were established by Congress in order to regulate banks that buy and sell mortgage-backed securities
Indicate whether the statement is true or false
Fiscal policy is most effective when exchange rates are fixed
Indicate whether the statement is true or false
Suppose you were told that Botswana had few skilled workers, a primitive banking system, and an inefficient and limited electric power industry. You would know that the person was describing was Botswana's problem with
a. its economic infrastructure b. political stability c. its agricultural sector d. its traditional values e. poverty
Compared to the outcome when the firms are price takers, competitive price-searcher markets will result in
a. a wider variety of products and higher prices. b. less product variety and higher prices. c. a wider variety of products and lower prices. d. less product variety and lower prices.