Private goods are:
A. not rival in consumption and not excludable.
B. not rival in consumption, but excludable.
C. rival in consumption, but not excludable.
D. rival in consumption and excludable.
Answer: D
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An unexpected fall in Capacity Utilization should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
When risks are shared across many different assets or people, reducing the impact of any particular risk on any one individual, it is called:
A. diversification. B. risk analysis. C. risk aversion. D. risk pooling.
In the market for wheat, there are many farmers selling exactly the same type of wheat. This is an example of:
What will be an ideal response?
The idea that all aspects of economic behavior, such as labor supply, saving, and investment, respond to economic incentives, especially tax rates, is known as
A. supply-side economics. B. New Keynesian economics. C. new classical economics. D. tax-structured classical economics.