Although digital storage costs have declined sharply in the past few years, many universities and companies still have limited storage space for email messages and impose a fixed limit on the amount of file storage space per user
May we view this as a common property resource problem, and do the fixed limits resolve the problem? A) Yes, the storage space used by one person is not available to another person, and the storage limit is a type of quota that allocates the property rights to the storage space.
B) Yes, the storage space used by one person is not available to another person, and the storage limit represents a form of single-person ownership that resolves the common property resource problem.
C) No, one person's use of the storage space does not have an impact on other people, so this is not a common property resource problem.
D) This is an example of a common property resource problem, but the fixed limits on storage space do not resolve the problem.
A
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When the inflation rate is zero, the
A) real interest rate is greater than the nominal interest rate. B) real interest rate is less than the nominal interest rate. C) nominal interest rate is zero. D) real interest rate equals the nominal interest rate.
Assume a closed economy, that taxes are fixed, and the marginal propensity to consume is equal to 0.8. What is the government spending multiplier?
A) 10 B) 5 C) 4 D) 3
If diplomas work efficiently in signaling productive capabilities to employers, the resulting equilibrium
A) will be a separating equilibrium. B) will be a pooling equilibrium. C) will always be inefficient. D) will never be efficient.
Compare two economies A and B that start with identical production possibilities curves. Both are fully employed. Economy A chooses to produce 6 consumption goods and 3 capital goods, while economy B chooses 4 consumption goods and 5 capital goods. This information suggests that
a. economy A is producing less efficiently than economy B b. economy B is producing less efficiently than economy A c. economy A and economy B, although producing different combinations, grow at thesame rate because they are both fully employed d. economy A's growth rate will be higher than economy B's e. economy B's growth rate will be higher than economy A's