In economics, a free rider is someone who relies on others to pay his bills
Indicate whether the statement is true or false
FALSE
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Use the following table to answer the next question.Interest RateDemand for Money (billions)7%$200630054004500If the current interest rate is 5%, what will be the equilibrium interest rate if the money supply falls by $100 billion dollars?
A. 6% B. 5% C. 7% D. 4%
Under a cost plus fixed fee contract the contractor cannot make a loss
a. True b. False
Explain the economics of why the refund might be set higher than the deposit.
State officials are establishing a deposit/refund system for batteries. Marginal costs and benefits have been estimated to be: MPC = 5 + 0.5Q MPB = MSB = 20 – 0.5Q MSC = 5 + 0.7Q, whereQ is in millions, and the marginal cost and benefit values are in dollars per battery.
Marginal physical product is the change in total output associated with one additional unit of input.
Answer the following statement true (T) or false (F)