Interest is not the price of money, which can be seen when interest rates rise rapidly in an economy where
A) barter exchange displaces money exchange.
B) people lose interest in money.
C) the demand for money increases rapidly.
D) the supply of money increases rapidly.
D
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Which of the following is best characterized as a public good?
A) a public library B) a church C) primary education D) police protection
Slope is measured as rise/run
a. True b. False Indicate whether the statement is true or false
The law of diminishing marginal utility guarantees that demand curves will have positive slopes
a. True b. False Indicate whether the statement is true or false
When a group of people stand to gain from an action that is not rational for any of the members to undertake individually, it is referred to as a:
A. moral hazard problem. B. collective-action problem. C. societal-wellbeing problem. D. free-rider problem.