Free riders enjoy:
A. negative externalities from others' choices to pay for a good.
B. positive externalities from others' choices to pay for a good.
C. positive externalities from a good they choose to buy themselves.
D. positive externalities transferred from consumers who receive subsidies.
Answer: B
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The objective of risk management is to
a. determine the level of risk that is “acceptable” to society b. evaluate and select the best policy approach to achieve the “acceptable” level of risk c. evaluate and select the policy initiative to achieve any level of risk d. (a) and (b) only e. (a) and (c) only
The belief that bank failures were regularly caused by fraud or the lack of sufficient bank capital explains, in part, the passage of
A) the National Bank Charter Amendments of 1918. B) the Garn-St. Germain Act of 1982. C) the National Bank Act of 1863. D) Federal Reserve Act of 1913.
With regard to preventing entry, if identical firms act simultaneously,
A) they cannot credibly threaten each other. B) they will all incur losses. C) only one firm will enter the market. D) none of them will enter the market.
Pollution is a relatively new phenomenon
a. True b. False Indicate whether the statement is true or false