Bond rating agencies are important in the channeling of funds to __________ firms in __________-oriented systems
A) small; banking
B) small; markets
C) large; banking
D) large; markets
D
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The economic way of thinking is
A) a biased perspective at the present time, and we should eliminate bias from economics. B) a biased perspective, but the existence of bias does not mean the discipline should be condemned. C) biased only when it is used to argue for particular policies. D) unbiased because economics is a science. E) unbiased insofar as its conclusions are drawn exclusively from actual facts.
When the U.S. exchange rate rises, foreign goods become ________ and U.S. imports ________
A) less expensive; increase B) more expensive; decrease C) less expensive; decrease D) more expensive; increase
A . What is a free rider and when do we see free riding? b. Why doesn't the market calculate the costs and benefits that accrue to free riders?
Which of the following statements about Social Security is FALSE?
A. Social Security is an intergenerational transfer where the benefits paid are only roughly related to past earnings. B. Benefit payments under Social Security are based on the recipient's need. C. Over 90 percent of all employed workers in the United States are covered by Social Security. D. Benefit payments under Social Security redistribute income from young to old.