The free-rider problem may arise in case of ________
A) public goods
B) private goods
C) club goods
D) inferior goods
A
Economics
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The quantity theory of money assumes that the velocity of money:
A. is constant. B. will rise if the money supply rises and fall if the money supply falls. C. will rise if the money supply rises, but it will not change if the money supply falls. D. will fall if the money supply rises, and it will rise if the money supply falls.
Economics
The alternative combinations of final goods and services that could be produced in a given time period with all available resources and technology are known as
A. Nominal GDP. B. Production possibilities. C. Consumption possibilities. D. Real GDP.
Economics