Which of the following statements is correct?
a. Environmental degradation is an example of a free rider problem..
b. The division between public goods and common resources is clear-cut.
c. Some goods, such as lighthouses, may be either private or public goods.
d. The free-rider problem prevents governments from supplying public goods.
c
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During the real estate boom of the early 2000s, some banks operated with leverage ratios in excess of 30-to-1
a. True b. False Indicate whether the statement is true or false
Exhibit 12-2 Unemployment categories Category# ofIndividuals Frictional unemployment 20 Structural unemployment 35 Cyclical unemployment 60 Discouraged workers 5 Underemployed workers 10 Fully employed workers410 Population900 Using the information in Exhibit 12-2, the number of individuals included in the natural rate of unemployment is
A. 20. B. 35. C. 55. D. 60.
As the federal funds rate rises, the banks’ opportunity cost of holding excess reserves falls.
Answer the following statement true (T) or false (F)
An example of a quota that protects an American industry is the quota on
A. tourists entering the country. B. sugar imports. C. sales of oil products to foreign countries. D. purchases of military hardware to foreign dictators. E. All of the above are examples of protective quotas.