The City Symphony presents three open-air concerts in the city park pavilion during the spring and summer. Many who attend make donations for symphony expenses, but the donation is not required. Some who attend make no contributions. Economists would
a. classify the noncontributors as detrimental externalities.
b. call the concerts excludable events.
c. call the noncontributors free riders.
d. call the concerts depletable goods.
c
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At times, converging economies must live with a degree of uncertainty over inflation that would be politically unacceptable in the high-income economies.
Select whether the statement is true or false. A. True B. False
The Federal funds rate is the rate that banks pay for loans from:
A. The Fed B. The U.S. Treasury C. Other banks D. Large Corporations
What is a Lorenz curve? What is a Gini coefficient?
What will be an ideal response?