How could the free rider problem be solved?
A. The government taxes people and uses the revenue to provide the public good.
B. The market will adjust and fix itself so the public good will be provided without interference.
C. The government subsidized people to provide the public good.
D. The public good is ignored and never produced.
Answer: A
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Refer to Figure a. Charlie and Joe both want to ride shotgun with their mother, so they play a game of rock-paper-scissors to determine who gets to sit in the front seat. In the table, -1 represents a loss, 1 a win and 0 a tie, and Joe's payoff is shown in the upper left-hand corner of each cell, while Charlie's appears in the lower right-hand corner. If Charlie knows Joe always throws scissors, what is Charlie's best response?
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A. Rock
B. Paper
C. Scissors
D. The answer cannot be determined from the information given.
A requirement that the budget be balanced each and every year would worsen the severity of economic fluctuations by preventing which of the following from working?
a. budget surpluses b. budget deficits c. automatic stabilizers d. manual stabilizers
In the United States, the money supply (M1) consists of
a. paper currency, coins and traveler's checks. b. government bonds, currency, demand deposits, other checkable deposits, and traveler's checks. c. paper currency, coins, demand deposits, and savings deposits. d. coins, paper currency, demand deposits, other checkable deposits, and traveler's checks.
Competitive forces will reduce the effects of employers’ discrimination over time.
Answer the following statement true (T) or false (F)