Bargaining costs are generally high in cases involving environmental externalities because:
a. there are strong incentives to be a free rider.
b. many individuals may be affected by the externalities.
c. it is difficult to measure the costs of the externalities.
d. all of the above.
d
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Commercial bank reserves are typically less than 1 percent of total assets, however in 2013 bank reserves ________ because of ________
A) dropped drastically to near zero; the wave of natural disasters experienced in the nation and around the world B) rose to around 88 percent; the financial crisis of 2008-2009 C) rose to around 18 percent; the financial crisis of 2008-2009 D) rose drastically to around 18 percent; the wave of natural disasters experienced in the nation and around the world E) dropped drastically to near zero; the financial crisis of 2008-2009
Suppose your grandfather earned a salary of $12,000 in 1964. If the CPI is 31 in 1964 and 219 in 2016, then the value of your grandfather's salary in 2016 dollars is approximately
A) $84,775. B) $63,830. C) $37,200. D) $26,280.
Refer to the payoff matrix below. If each cell has a probability of occurrence of 0.25, what are Cruise the World's expected profits?
Cruise R Us and Cruise the World compete in the cruise line industry. Each firm needs to determine if they are going to offer special cruise packages with special rates or not offer the specials. The above payoff matrix shows the firms' net economic profit for each set of strategies.
A) $5 B) $10 C) $9 D) $8
"Social Security should be privatized to get the government out of the retirement-financing business," is an example of a ________ statement about ________ policy.
A. positive; fiscal B. positive; structural C. normative; structural D. normative; monetary