Public goods
A) are overproduced by unrestrained markets.
B) are simply private goods that the government provides.
C) cannot be consumed by more than one person without the degradation of the value of the good.
D) can be consumed by more than one person without degradation of the value of the good.
D
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In the above table, the unemployment rate is
A) 6 percent. B) 24 percent. C) 18 percent. D) 29 percent.
An inflation-prone country
A) gains from vesting its monetary policy decisions with a "conservative" central bank. B) loses from vesting its monetary policy decisions with a "conservative" central bank. C) gains from vesting its fiscal policy decisions with a "conservative" central bank. D) loses from vesting its fiscal policy decisions with a "conservative" central bank. E) remains constant when vesting its fiscal policy decisions with a "conservative" central bank.
Which of the following is/are NOT a characteristic of a perfectly competitive market?
A. a small number of firms in a market B. selling a standardized product C. no barriers to entry D. an individual firm having no control over price
What are the major government policies that restrict trade?
What will be an ideal response?