Free riding
A) is possible if the consumption of a good is characterized by excludability.
B) is possible if the consumption of a good is characterized by nonexcludability.
C) is characteristic of private goods.
D) occurs when consumers pay too much for services provided by government.
B
Economics
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Research indicates that the more independent the central bank,
A) the smaller the budget deficit. B) the higher the nominal interest rate. C) the lower the rate of inflation. D) the larger the time inconsistency problem in making policy. E) the greater the likelihood of a "war of attrition" over policy.
Economics
Refer to the figure below. What is the total amount of tax paid by Bart?
A. 0
B. 50
C. 15
D. 750
Economics