Which of the following represents a collective action problem?
A) The battery in Billy's pickup truck has died so he must leave his house 90 minutes earlier than usual to take public transportation to work.
B) Sonia cuts down a diseased oak tree in her back yard, eliminating the shade that blocked the afternoon sun from shining through her living room windows.
C) Miss Lander's third grade class has to cut short their field trip to Insect World because someone in Mr. Rutherford's fourth grade class accidentally opened the safety door in the bumblebee exhibit.
D) Most of the audience cannot hear the dialog at a midnight showing of The Room because the film's most ardent fans insist on shouting with the dialog throughout the entire screening.
D
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The quantity of U.S. dollars demanded in foreign exchange markets is primarily a function of ________
A) the demand for U.S. goods and services B) the demand for U.S. goods by foreigners C) the expected return on U.S. dollar assets relative to foreign assets D) foreign interest rates
A movie theater can increase its profits through price discrimination by charging a higher price to adults and a lower price to children if it
a. can prevent children from buying the lower-priced tickets and selling them to adults. b. has some degree of monopoly pricing power. c. can easily distinguish between the two groups of customers. d. All of the above are correct.
Which of the above diagrams illustrate(s) the effect of an increase in incomes on the market for secondhand clothing?
A. A only B. B only C. C only D. B and C
Higher saving rates mean higher future growth rates because
A) the banks have more money to distribute to their shareholders. B) saving contributes to more investment, which yields a larger capital stock. C) the interest earned from savings gives you more wealth. D) saving contributes to less investment, which yields a larger capital stock.