In order to avoid the free-rider problem, which of the following goods is best provided by the government and paid for with tax dollars?
a. automobiles
b. lighthouses
c. bread
d. prescription drugs
e. windows
B
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At higher interest rates the
A) money supply is indeterminate. B) quantity of money demanded is higher. C) money supply is higher. D) quantity of money demanded is lower.
What structures make up the international capital markets?
A) stock market, IFM, and the World bank B) bond market, foreign exchange rates, IFM, and the World bank C) commercial banks, corporations, non-bank financial institutions, the central banks, and other government agencies D) commercial banks and corporations E) the central banks and non-bank financial institutions
Suppose Campus Books, a profit-maximizing firm, is the only supplier of the textbook for a given class. The marginal cost of supplying each book is constant and equal to $10, and Campus Books has no fixed costs. The table shows the reservation prices of the eight students enrolled in the class. CustomerReservation Price($/Book)Q60R54S48T42U36V30W24X18If Campus Books is permitted to charge 2 prices, and the bookstore knows customers with a reservation price above $30 never bother with coupons, whereas those with a reservation price of $30 or less always use them, then how many in total books will the bookstore sell?
A. 7 B. 6 C. 5 D. 8
What term is used to denote a tax on imports?
a. gratuity b. ad valorem c. subsidy d. tariff