In cases where a common resource is shared by many and technology is well developed,
A. overuse is rarely problematic.
B. the resource becomes excludable.
C. the resource becomes nonrival in consumption.
D. overuse is more likely.
Answer: D
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When we apply economic analysis to democracies, it is reasonable to expect government policies to be serving
A) many extremely partial or special interests. B) the interests of business generally. C) the interests of consumers. D) the interests of the majority. E) the interests of the people who most highly value the results of government actions.
A business enterprise that allows the hiring of nonunion members conditional on their joining the union is
A) a closed shop. B) a union shop. C) a jurisdictional dispute. D) an industrial union.
An increase in the price of a particular bond implies an increase in the interest rate for that bond
a. True b. False Indicate whether the statement is true or false
Fill in the above table.
