Social disapproval is likely to be more effective:
A. in a small town than a large city.
B. than taxation.
C. in solving a free rider problem than a tragedy of the commons problem.
D. when community members have only spurious relationships with others in the area.
Answer: A
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The three players in the money supply process include
A) banks, depositors, and the U.S. Treasury. B) banks, depositors, and borrowers. C) banks, depositors, and the central bank. D) banks, borrowers, and the central bank.
When inflation causes relative-price variability,
a. consumer decisions are distorted and the ability of markets to efficiently allocate factors of production is impaired. b. consumer decisions are distorted, but markets are still able to efficiently allocate factors of production. c. consumer decisions are not distorted, but the ability of markets to efficiently allocate factors of production is impaired. d. consumer decisions are not distorted and markets are still able to efficiently allocate factors of production.
Which statement is true?
A. Industry X has a higher Herfindahl-Hirschman index than Industry Y.
B. Industry Y has a higher Herfindahl-Hirschman index than Industry Z.
C. Industry Z has a higher Herfindahl-Hirschman index than Industry X.
D. Industries X, Y, and Z have the same Herfindahl-Hirschman index.
Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.
Figure 23.11Refer to Figure 23.11. A $10 million increase in investment changes equilibrium output to
A. $240 million. B. $225 million. C. $175 million. D. $90 million.