Which of the following contains most of the characteristics of a public good?
A. metal recycling
B. a public park
C. vaccinations
D. a civil defense system
Answer: D
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An increase in the amount and time period for which unemployment compensation is paid will most likely
A) increase the structural rate of unemployment. B) leave the natural rate of unemployment unchanged. C) decrease the natural rate of unemployment. D) increase turnover unemployment.
The starting point of many methods for predicting equilibrium strategy in sequential games is
a. designing proactive reactions to rival actions b. information sets c. uncertain outcomes d. backwards induction based on an explicit order of play e. endgame analysis
Refer to Table 9.4. In which market do buyers underestimate the chance of getting a lemon?
A. 1 and 2 only B. 1 and 3 only C. 2 and 3 only D. None of these
The study of factors that contribute to the economic growth of a country is known as
A) savings economics. B) entrepreneurial economics. C) natural resource economics. D) development economics.