Public goods legislation involves
a. widespread benefits and concentrated costs
b. widespread benefits and widespread costs
c. concentrated benefits and widespread costs
d. concentrated benefits and costs
e. regulating natural monopolies to avoid price gouging
B
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Which of the following is a government expenditure, but is not a government purchase?
A) The federal government pays out an unemployment insurance claim. B) The federal government buys a Humvee. C) The federal government pays the salary of an FBI agent. D) The Federal government pays to support research on AIDS.
Fragmented markets are those that are
a. functioning in relative isolation from each other b. separated by considerable distance c. functioning only some of the time d. easily destroyed by outside events e. none of the above
The yield to maturity for a discount bond is ________ related to the current bond price
A) negatively B) positively C) not D) directly
Under a fixed exchange rate system, the central bank must
a. have an unlimited supply of domestic currency. b. have a very large supply of foreign assets. c. follow a constant money growth rule. d. allow the money supply to adjust to keep interest rates and exchange rates unchanged.