A free rider problem arises when
a. there are very few beneficiaries and exclusion of any one of them is possible.
b. there are many beneficiaries and exclusion of any one of them is possible.
c. there are many beneficiaries and exclusion of any one of them is impossible.
d. there are very few beneficiaries and they all try to use the good simultaneously.
c
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Which of the following statements is true?
A) The demographic transition of the 19th century led to a decrease in life expectancy across the Western world. B) Until the demographic transition in the 19th century, they were recurrent Malthusian cycles. C) The demographic transition of the 19th century led to an increase in fertility across the Western world. D) After the demographic transition in the 19th century, they were recurrent Malthusian cycles.
Other things equal, a decrease in the price level will
A) shift the AS curve to the left. B) shift the AS curve to the right. C) cause a movement up the AS curve. D) cause a movement down the AS curve.
A rise in the price of oil would be most likely to cause which of the following in the United States?
a. an economic boom b. an economic slowdown or recession c. a decrease in the general level of prices d. an increase in aggregate demand
Which of the following is not included in Nation A's financialaccount?
a. Nation A's interest earnings from foreign operations. b. Changes in foreigners' bank accounts in Nation A. c. Foreign purchases of Nation A's Treasury bills. d. All the above are included.