Offering contributors private goods such as coffee mugs, books, or magazine subscriptions will ________ the free-rider problem and lead to a ________ level of contribution to the public good.
A. reduce; smaller
B. reduce; larger
C. increase; smaller
D. increase; larger
Answer: B
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A consumer's budget constraint is drawn on a graph with the number of sandwiches measured along the horizontal axis and the number of bowls of soup measured along the vertical axis. Hold the consumer's income and the price of a sandwich fixed, and increase the price of a bowl of soup. Describe the effect on the budget constraint
Indifference curves that are upward-sloping violate
A) the assumption of transitivity. B) the assumption of completeness. C) the assumption that more is better. D) none of the assumptions.
The system of accounts for each country, based on the circular flow, whose purpose is to measure the level of economic activity is called:
A) the underground economy. B) national income accounting. C) bookkeeping. D) none of the above.
The Bureau of Labor Statistics' "unemployed" category includes those who were not employed, were available for work, and had tried to find employment during the previous four weeks
a. True b. False Indicate whether the statement is true or false