The rivalry versus nonrivalry issue is
A. relevant to the issue of market failure.
B. not relevant to the issue of market failure.
C. relevant to the free-rider problem.
D. a and c
E. b and c
Answer: B
Economics
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All of the following are arguments against stabilization policy except
a. Economic forecasting is highly imprecise. b. Long lags may cause stabilization policies to in fact destabilize the economy. c. Monetary policy affects aggregate demand by changing interest rates. d. Fiscal policy must go through a long political process.
Economics
Loans that are secured against an asset:
A. are much shorter in length than unsecured loans. B. generally have higher interest rates. C. are much longer in length than unsecured loans. D. generally have lower interest rates.
Economics