Which of the following is a merit good?
A. Automobiles.
B. Local telephone service.
C. Electricity.
D. Health care.
Answer: D
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Suppose Annie expects an annual return of $520 from an investment worth $500 . What should be the rate of interest charged by her to a risky borrower who is likely to repay the principal and interest with a probability of 0.7?
a. 45 percent b. 48.6 percent c. 20.33 percent d. 53.4 percent
If you have a $50 co-pay, you must pay ____ for each doctor’s visit.
A. $50 B. $35 C. $25 D. None of the above is correct.
The major decline in oil prices in early 1980 that resulted in bankruptcy of many banks and saving and loans in the southwest U.S. resulted in a major Midwestern bank taking bankruptcy because of
A. interstate banking. B. intra bank loans. C. cost of gasoline declined at the pump. D. decrease in the values of oil leases in the Midwest.
The exclusive rights of ownership of property are generally referred to as
A) level property rights. B) private property rights. C) public property rights. D) common property rights.