National Public Radio would be considered a club good
a. True
b. False
Indicate whether the statement is true or false
False
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Why would a firm continue to pollute even when it is fined (taxed) for doing so?
What will be an ideal response?
Refer to Table 2-18. What is Mickey's opportunity cost of making an umbrella?
A) 1/5 of a hat B) 5 hats C) 10 hats D) 50 hats
When interest rates in the bond market rise,
A) adverse selection problems increase. B) adverse selection problems are mitigated. C) moral hazard problems increase. D) moral hazard problems are mitigated.
When quantity demanded decreases in response to a change in price:
a. the demand curve shifts to the right b. the demand curve shifts to the left. c. there is a movement down along the demand curve. d. there is a movement up along the demand curve.