Your upstairs neighbor has the right to practice his clog dancing at night. But you find the best time to study is at night, and the noise from the clog dancing makes it hard for you to concentrate. You tell your neighbor that you will wash his car every week if he does not practice his clog dancing at night and he agrees to this. This is an example of the
A. fallacy of composition.
B. Coase theorem.
C. free-rider problem.
D. drop-in-the-bucket problem.
Answer: B
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Financial capital is
A) the collection of stock and bond exchanges around the country. B) funds used to purchase capital goods. C) the foreign exchange market. D) assets of financial institutions.
Between 1880 and 1980, which region had the highest per capita income?
a. Pacific. b. Midwest. c. New England. d. South Atlantic.
What is not an effect of deregulation in the airline and trucking industries?
A. Lower prices of many services B. Increased entry of new firms into deregulated industries C. Lower income to unions working in deregulated industries D. Improvements in the quality of services
Suppose that you run a house-painting company and currently have 2 workers painting a total of 4 houses per month. If you hire a third worker, 6 houses can be painted per month. If you hire a fourth worker, 9 houses can be painted, and a fifth and sixth worker will increase the number of houses painted to 13 and 15, respectively. Diminishing returns
A. set in when the sixth worker is hired. B. have not yet set in because output is still increasing. C. set in when the fourth worker is hired. D. set in when the fifth worker is hired.