The basic liberal solution to welfare dependency is
A. government jobs.
B. forcing the poor off welfare.
C. ending immigration.
D. identical to the conservative solution.
A. government jobs.
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With respect to events like global warming some economists suggest using falling discount rates because
A) exponential discounting virtually gives no weight to (large) costs incurred far into the future. B) exponential discounting weights (large) costs incurred far into the future heavily. C) events far in the future do not affect us. D) we should not care about costs far in the future.
A car purchased by you is rival because:
a. you can prevent others from using your car. b. it has many competitors. c. your use of this car makes it unavailable for others. d. it is nonexcludable.
A copper mining firm has discovered that there is gold mixed in with its copper ore. Since the marginal cost of mining the gold is negligible, they are willing to sell it at the current market price of $500 an ounce. If the rate of interest is 5%, the firm should expect the price next year
a. to rise to $505. b. to rise to $525. c. to rise to over $525. d. to remain constant.