Beth has moved into a new house. Most people living in her neighborhood go for a jog early in the morning. Although Beth had always been a late riser, she too started getting up early for a jog after moving into her new house
This is an example of a(n) ________. A) moral hazard
B) adverse selection
C) peer effect
D) negative externality
C
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The conventional view among economists is that persistent budget deficits lead to ________ real interest rates and ________ private investment
A) higher; crowd in B) higher; crowd out C) lower; crowd in D) lower; crowd out
The fact that the washroom usually has paper towels left (free to the consumer) suggests that the marginal utility of paper towels quickly diminishes to 0 for each consumer
a. True b. False
What percentage of businesses are sole proprietorships?
What will be an ideal response?
Briefly describe "dollarization." Discuss the advantages and disadvantages of dollarization" as a means of establishing a fixed exchange rate.
What will be an ideal response?