Michigan Radio is the state's most listened-to public radio service, attracting approximately 400,000 listeners each week and is funded through listener donations. Listeners can access Sirius satellite radio through a subscription to the service
Michigan Radio is a ________ and Sirius satellite radio is a ________. A) common resource; natural monopoly
B) public good; natural monopoly
C) natural monopoly; private good
D) public good; common resource
B
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If the Fed announces a new policy of slower monetary growth it will result in lower inflation and no change in output only if
A) the policy is credible and price expectations are reduced. B) the policy is time consistent and expectations remain constant. C) the policy is time inconsistent and expectations increase. D) Both A and B are correct.
Which of the following is an advantage of the European Monetary Union?
A. Greater national identity B. Greater monetary independence for each member C. Increased economies of scale D. Higher transaction costs