If the voluntary contributions experiment described at the end of the chapter is played multiple times, we would expect:
A. the voluntary contributions will be zero or close to zero.
B. the voluntary contributions will exceed the amount required to provide the public good.
C. the voluntary contributions will equal the amount required to provide the public good.
D. the voluntary contributions will fall short of the amount required to provide the public good, but only by a small amount.
Answer: A
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Most of the pressure for a monetary growth rule has disappeared because since 1980,
A) the relationship between movements in the money supply and movements in real GDP and the price level have become much weaker. B) the relationship between movements in the money supply and movements in real GDP and the price level have become much stronger. C) the relationship between movements in interest rates and movements in real GDP and the price level have become much weaker. D) the relationship between movements in interest rates and movements in real GDP and the price level have become much stronger.
A prisoner of war camp seems a likely place for "cigarette money," because ________
A) nearly all prisoners smoke cigarettes B) of the absence of better alternatives C) cigarettes are abundant and easy to count D) the guards can enforce the practice of accepting cigarettes as a medium of exchange E) cigarettes retain their value over time
The beginning point of a graph (the 0,0 point) is known as: a. ground zero. b. the quadrant. c. the origin
d. variable one.
If a futures contract for U.S. Treasury bonds increases by "12" in the financial page listings, the value of the contract increased by:
A. $1,200.00. B. $375.00. C. $120.00. D. $240.00.