Which of the following is NOT a function of money?
A. store of value
B. medium of exchange
C. standard of deferred payment
D. form of credit
Answer: D
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Which of the following is nonrival in character?
A) labor B) capital C) a desk D) technology
Nonexcludability generates a problem because individuals have an incentive to_____
a. free ride b. profit c. fight d. steal
Generally, managed care means
A. health care is provided by teams, not by an individual doctor. B. limits are placed on utilization of health care services. C. health care is provided by the government to all citizens. D. doctors pick which patients they want to see.
Compare the effectiveness of fiscal policy in an open economy with mobile international capital to fiscal policy in a closed economy. Why is it different? Use an appropriate diagram to illustrate your answer