In the case of public goods, the ability to free ride on the efforts of others is an example of
A) low transactions costs.
B) insecure property rights.
C) government subsidization.
D) mutual assurance.
B
Economics
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What happens as interest rates fall?
A) The number of profitable investment opportunities declines. B) The opportunity cost of using retained earnings to finance investment spending declines. C) Planned investment spending also falls. D) Planned investment spending remains constant since it depends on profit projections not interest rates.
Economics
According to the quantity theory of money, a 3 percent increase in the money supply
a. causes the price level to rise by 3 percent. b. causes the price level to rise by less than 3 percent. c. leaves the price level unchanged. d. causes the price level to fall by 3 percent.
Economics