A free rider is a person who pays for a good but does not receive the benefit of it
a. True
b. False
Indicate whether the statement is true or false
False
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If the consumption function is defined as C = 5,500 + 0.9Y, what is the value of the multiplier?
A) 0.l B) 0.9 C) 6.1 D) 10
International policy coordination refers to
A) central banks in major nations acting without regard to the global consequences of their policies. B) central banks in major nations pursuing only domestic objectives. C) central banks adopting policies in pursuit of joint objectives. D) central banks all adopting identical policies.
From 1990 to 2010, the public sector share of total output
A. Trended downward to 2000 and then upward to 2010. B. Trended upward through 2010. C. Trended downward to 2010. D. Trended upward to 2000 and then downward to 2010.
Intermediate goods are excluded from GDP because
A) their inclusion would involve double counting. B) they represent goods that have never been purchased so they cannot be counted. C) their inclusion would understate GDP. D) the premise of the question is incorrect because intermediate goods are directly included in calculating GDP.