A common property resource is:
A. a resource that only one person can use.
B. a resource that anyone can use for a fixed fee.
C. a resource that more than one person is free to use without payment.
D. a resource that only one person can use free of charge.
C. a resource that more than one person is free to use without payment.
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Seigniorage is government revenue raised by
A) a tax on transactions. B) issuance of treasury bonds. C) issuance of money. D) lump-sum taxation.
Government spending is projected to rise over the next few decades. Three of the most important reasons are spending on Social Security, Medicare, and healthcare
a. True b. False Indicate whether the statement is true or false
What characteristics of both the product market and the labor market enhance the likelihood that a union will be effective?
Which of the following is a private transfer payment?
A. Unemployment benefits received by newly laid-off workers B. The sale of used clothing at a thrift store C. The Social Security benefits paid to a retired worker D. A check for $250 sent by a parent to a daughter at college