The overuse of a common resource relative to its economically efficient use is called
a. the free rider problem.
b. the Tragedy of the Commons.
c. a public good.
d. cost-benefit analysis.
b
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Which of the following statements is TRUE?
A) Perfectly competitive markets are efficient, but monopoly markets never are efficient. B) Perfectly competitive markets always reach equilibrium but monopoly markets never reach equilibrium. C) Perfect price discriminating monopolists can eliminate all deadweight losses and achieve efficiency. D) All the above statements are true.
Recently, there has been little political stability in Brazil
Indicate whether the statement is true or false
The most meaningful measure of economic growth is a. the employment rate
b. the unemployment rate. c. real GDP. d. real GDP per capita.
_____________ is a financial arrangement whereby people pay premiums tp a(an) ____________ company that reimburses them in the event of loss or injury
a. Stock b. Mutual Fund c. Insurance d. Investiture