A free rider attempts to receive benefits without paying for them
Indicate whether the statement is true or false
T
You might also like to view...
Firms often seek to borrow money to expand their capital stock, and the price they pay for that money is the interest rate. What happens to the quantity of money supplied if the interest rate increases?
A. It increases. B. It decreases. C. It does not change. D. It depends entirely on the interest rate.
In Solow's exogenous growth model, the economy reaches a stable steady state because
A) the marginal return of capital is decreasing. B) capital is growing at a constant rate. C) the substitution effect is stronger than the income effect. D) conditional convergence holds.
The wholesale price of cranberries in the market is currently $0.83/lb. The quantity supplied at this price is 90,000 pounds. The quantity demanded is 95,000 pounds. In this case, there is:
a. Excess supply in the market and this is a signal for sellers to decrease price b. Excess supply in the market and this is a signal for suppliers to increase price c. Excess demand in the market and this is a signal for consumers to buy less d. Excess demand in the market and this is a signal for consumers to buy more e. The market is in equilibrium
Which of the following activities, ceteris paribus, will cause increased foreign demand for U.S. dollars?
a. The World Cup soccer competition is held in Rio de Janeiro, Brazil. b. The U.S. government decreases the tariffs on imports from Germany. c. U.S. consumers develop a taste for teas exported from southeast Asia. d. U.S. real interest rates abruptly rise higher than European real interest rates.