One way to solve the free-rider problem is:
A. have the government provide the good at a certain cost.
B. make the good or service more excludable.
C. tax those who truly value the good.
D. tax everyone an equal amount for the good.
B. make the good or service more excludable.
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A "buy one, get one for half price" promotion is an example of
A) price discriminating among units of a good. B) price discriminating among groups of buyers. C) a legal monopoly. D) a natural monopoly. E) marketing by a perfectly competitive firm designed to increase the firm's sales.
The principal cause of falling unemployment is ________
A) an increase in net entrants to the labor force B) a decrease in net entrants to the labor force C) an increase in the number of new jobs created D) a decrease in the number of jobs lost
If the inflation rate falls and nominal interest rates are unchanged,
A) inflation will fall. B) inflation will continue at the same rate. C) real interest rates rise. D) real interest rates are unaffected. E) real interest rates fall.
A cartel is a group of sellers of a single product who have joined together in order to enjoy the advantages of perfect competition
a. True b. False Indicate whether the statement is true or false