One of the difficulties of the government privatizing a common resource is:
A. figuring out who owns what when many are using the resource.
B. deciding which individuals will have to decrease their consumption.
C. compounded the more users there are.
D. All of these statements are true.
D. All of these statements are true.
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
Suppose a Treasury bond will mature in 4 years. If the bond pays a coupon of $425 per year and will make a final par value payment of $10,000 at maturity, what is its price if the relevant market interest rate is 4%?
What will be an ideal response?
The infant-industry argument for trade protection holds that an industry needs government protection from imports until it becomes competitive enough in world markets.
a. true b. false
A constant-cost industry is an industry in which
A) average costs fall as the industry expands output. B) average costs rise as the industry expands output. C) average costs remain constant as the industry expands output. D) input prices rise at a constant rate as firms in the industry use more inputs.