Secondary effects are consequences of economic actions that develop slowly over time as people react to events
a. True
b. False
A
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Which of the following is an example of a product that is nonexcludable and nonrival?
A) a motorcycle B) the court system C) Western lowland gorillas D) a NASCAR event
Megan, an analyst in Ronald's team called in sick on a day when 4 projects were due for completion. Ronald divided Megan's work between the remaining six team-members. Which form of governance is being used here?
a. Etiquette b. Hierarchy c. Contract d. Market
Other things constant, an increase in the real interest rate will
a. cause consumers to reduce their purchases of durable items like appliances and automobiles. b. induce businesses to increase their level of investment. c. make borrowing money more attractive. d. increase the natural rate of unemployment.
A main trading partner with the U.S. is:
A. Hungary. B. Canada. C. Russia. D. Italy.