Recall the Application about space debris in the atmosphere to answer the following question(s).Recall the Application. The clearing of space debris is a ________ good that ________ subject to the free-rider problem.
A. private; is
B. public; is
C. private; is not
D. public; is not
Answer: B
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The addition to total physical product when one more unit of capital (or loanable funds) is used in production is called
a. marginal physical product of capital b. marginal revenue product of capital c. marginal use of loanable funds d. interest e. depreciation
The innovations that allowed robust economic growth between 1950 and 2000
A. were unrepeatable. B. were never really that important. C. were repeated in the period after 1980 but didn't have the same impact. D. were focused on entertainment.
A rational pricing strategy for a profit-maximizing monopolist is
a. price discrimination. b. price segregation. c. synergy pricing. d. average cost pricing.
Which of the following bonds are called tax-exempts?
A) Municipal bonds B) U.S. savings bonds C) U.S. Treasury bonds D) Consols