When choosing the right amount of a public good to supply, the government often:
A. guesses, because people have an incentive to overstate a good's value.
B. provides too much, because people have an incentive to understate a good's value.
C. provides too little, because people have an incentive to overstate a good's value.
D. fails to provide it, because people have an incentive to understate a good's value.
A. guesses, because people have an incentive to overstate a good's value.
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What does the study of the balance of international trade and finance between 1790 and 1860 help American economic historians do?
(a) Understand what the U.S. sold to the rest of the world (b) Understand what the rest of the world sold to the U.S. (c) Determine if there is a link between these international patterns and economic growth in the U.S. (d) All of the above
What happens when the Federal Reserve purchases U.S. government bonds?
A) Interest rates rise because bonds become scarcer. B) Commercial bank reserves increase. C) The national debt declines in size. D) The growth rate of the money stock falls. E) All of the above occur.
If a multinational is controlling funds, it will expect a subsidiary to remit a ________ portion of their earnings if this subsidiary has the opportunity to reinvest its earnings profitably
A) significant B) substantial C) smaller D) larger
The first major step toward natural resource reform was
a. the General Revision Act of 1891. b. the Commons Preservation Act of 1896. c. the Reclamation Act of 1902. d. the Snowden-Higgs Act of 1904.