Public goods
A) are overproduced by unrestrained markets.
B) are simply private goods that the government provides.
C) cannot be consumed by more than one person without the degradation of the value of the good.
D) can be consumed by more than one person without degradation of the value of the good.
Answer: D
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Mr. Scrooge owns assets worth $100 million. The rate of return on his assets is 5 percent per year. Mr. Scrooge's wealth is ________, and his income is ________
A) $5 million a year; $100 million B) $100 million; $5 million a year C) $100 million; $105 million D) $5 million a year; $100 million a year
Collateralized debt obligations are
A) like mortgage-backed securities except that the slices are equal. B) like mortgage-backed securities except that the slices are unequal. C) an asset for persons who buy them. D) b and c E) a and c
The main way that banks create money is by ______; the main way that money is destroyed is when _______.
Fill in the blank(s) with the appropriate word(s).
The marginal product of labor is the extra amount of output a firm can generate by adding one more hour of labor (or one more worker).
Answer the following statement true (T) or false (F)