The capital account is the sum of the merchandise, services, and unilateral transfers accounts
a. True
b. False
Indicate whether the statement is true or false
False
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When does the free-rider problem arise?
A) when someone who benefits from a good does not have to contribute to paying for it B) when a firm does not have to advertise, because its customers recommend the product to their friends C) when policymakers ignore opportunity costs in making decisions D) when production of a good generates pollution
According to the model of voting developed in the? chapter, the choices made by government match the preferences of the median voter.
According to the model of voting developed in the? chapter, the choices made by government match the preferences of the
voter.
The symbol for the variance of a sample of observations (of a quantitative variable) is:
a. s2 b. a2 c. s d. a
The aggregate demand curve would shift to the right if
A. the money supply were decreased. B. net taxes were decreased. C. the cost of energy were to increase. D. government spending were decreased.