Nonexcludability generates a problem because individuals have an incentive to_____
a. free ride
b. profit
c. fight
d. steal
a
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Use the following production possibilities frontier to answer the next question.
Which point or output-combination in the above graph could the nation produce only if it experienced economic growth?
A. combination E B. combination C C. combination F D. combination G
Explain why the short-run aggregate supply curve is a relatively flat, horizontal line
What will be an ideal response?
________ could result in a recession because it would ________
A) An increase in government expenditures on goods and services; shift the AD curve to the right. B) An increase in the quantity of money; shift the AS curve to the right. C) An increase in investment; shift the AD curve to the right. D) A tax cut; shift the AS curve to the left. E) A rise in the price of oil; shift the AS curve to the left.
The ________ Act extended the government's authority to ban vertical and conglomerate mergers.
A. Celler-Kefauver B. Federal Trade Commission C. Clayton D. Sherman