The phenomenon of free riding is most closely associated with which type of good?
a. private goods
b. club goods
c. common resources
d. public goods
d
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Which of the following is not correct about quantitative easing?
A) It is one of the conventional monetary policy tools. B) It refers to the Fed's asset purchasing program. C) It helped reduce term premium on long-term government bonds. D) As a result, the balance sheet of the Fed is much larger than it was before the crisis.
Jim is haggling with a car dealer over the sale price of a used car. When he entered the store, it was empty. During the negotiations, a second customers walks in, interested in that particular car, and the storekeeper rejects Jim's offer. This is because
a. The car dealer's disagreement value decreased b. The car dealer's disagreement value increased c. The car dealer's disagreement value did not change d. None of the above
Trade can increase the consumption possibilities of nations
a. True b. False Indicate whether the statement is true or false
In the 1970s and 1980s policies that required retirement of people over age 65 were repealed. Which variable would this directly affect?
a. The employment-population ratio b. Productivity c. Average hours d. Population e. Technology