The emphasis on the importance of advances and dissemination of knowledge is a cornerstone of the

A significant problem of a dual exchange rate system is that it

(a) is difficult to administer. (b) leads companies to pursue rent-seeking behavior. (c) promotes black markets. (d) all of the above. (e) none of the above.

In the case of a nonexcludable public good, the market will fail to produce the good because of the free rider problem

Indicate whether the statement is true or false