What is the nature of the trilemma that is encountered when choosing monetary arrangements?
A) Only two of the three aspects of internal and external balance can be accommodated simultaneously.
B) Only three of the four aspects of internal and external balance can be accommodated simultaneously.
C) Only one of the three aspects of internal and external balance can be accommodated simultaneously.
D) Only two of the four aspects of internal and external balance can be accommodated simultaneously.
E) Only one of the four aspects of internal and external balance can be accommodated simultaneously.
A
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If a water-slide park opens to the public in your neighborhood and an admission fee is charged, then the park is a
a. public good b. private good c. good that everyone wants d. nonrival good e. nonexclusive good
Other things equal, the prospect of imitation by others:
A. decreases the expected rate of return on R&D expenditures. B. increases the expected rate of return on R&D expenditures. C. increases the interest-rate cost of funds used to finance R&D expenditures. D. decreases the interest-rate cost of funds used to finance R&D expenditures.