Five people want to have a lighted garden built at the entrance to their neighborhood. The difficulties they experience in getting one another to commit to paying for the garden are best described as

A) property rights.
B) transactions costs.
C) negative externalities.
D) rivalry.

B

Economics

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Economists would argue that the gender wage gap is narrowing because of efficiency wages

a. True b. False Indicate whether the statement is true or false

Economics

The Federal backing for money in the United States comes from:

A. Providing sufficient quantities of precious metals such as gold and silver to cover the amount of paper money in circulation B. Pledging physical assets, such as land, natural resources, and public buildings as collateral for outstanding currency C. Controlling the money supply in order to keep the value of money relatively stable over time D. Protecting checkable deposits at financial institutions with deposit guarantees

Economics