The free-rider problem exists because it is difficult to ______.
a. share the benefits of some products with everyone
b. prevent everyone from gaining the benefits of some products
c. produce products that satisfy everyone
d. produce products that satisfy anyone
b. prevent everyone from gaining the benefits of some products
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A corporation is limited to how many owners?
A) 1 B) 2 C) less than 10 D) There is no limit to the number of owners.
Which of the following is not a solution to the problem of negative externalities due to pollution?
a. Create private property rights. b. Levy pollution taxes. c. Create obligatory controls. d. Reward the production of these products through subsidies. e. Establish strict limits on the amount of pollution allowed.
Fiscal policy refers to
A) efforts to balance a government's budget. B) changes in the money supply to achieve particular economic goals. C) changes in government expenditures and taxation to achieve particular economic goals. D) the change in private expenditures that occurs as a consequence of changes in government spending.
Refer to Scenario 1. Once the full impact of the Fed's open market purchase and Sheila's deposit worked its way through the banking system, what is the maximum change on the money supply as a result of these two events?
A) Money supply falls by $100,000. B) Money supply falls by $1,000,000. C) Money supply rises by $10,000. D) Money supply rises by $1,000,000.