The providers of information products typically
A. have high marginal costs.
B. have high fixed costs.
C. have zero fixed costs.
D. have low fixed costs.
Answer: B
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Oscar and Felix room together in an apartment in New York City. Oscar is very messy and Felix is obsessed with neatness. Felix cannot stand a messy apartment and is even willing to pay Oscar $50 per week for him to clean up after himself
Oscar hates to clean up so much that he is willing to pay Felix $30 per week to maintain his messy habits. If Felix has the right to a clean apartment explain why the apartment will be clean. If Oscar has the right to remain messy explain why the apartment will still be clean.
In terms of capabilities, education can be seen as:
A. contributing to better family planning. B. a factor that reduces income inequality in countries. C. a feature of more democratic regimes. D. something that requires a lot of funding, but produces very little return.
An advantage emission taxes and permits have over direct controls is that the former
a. work well even if pollution output cannot be accurately measured. b. can respond quickly to new information about the dangers of particular pollutants. c. make it in firms' interests to reduce pollution in the most efficient manner possible. d. reduce pollution to zero.
According to new classical economists, when monetary and fiscal policies are __________ anticipated, people form their expectations __________, and wages and prices are __________, the policy ineffectiveness proposition (PIP) results
A) correctly; adaptively; inflexible B) correctly; rationally; flexible C) incorrectly; adaptively; inflexible D) incorrectly; rationally; flexible E) correctly; rationally; inflexible