In 2007, the National Collegiate Athletic Association put a moratorium on new Football Bowl Series (formerly Division IA) teams. This policy will
A) protect the producer surplus of existing football programs.
B) ensure that when entry occurs, producer surplus will not be zero.
C) ensure that when entry occurs, producer surplus will be positive.
D) ensure that consumer surplus is greater in the future.
A
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Revisions in the interest rate target
a. occur on a daily basis b. have widespread impacts on the financial markets c. require Congressional approval d. are based solely on data gathered in previous quarters e. are a no-lose opportunity for the Fed
Everyone in the neighborhood has been complaining about the deteriorating condition of the park, but nobody has cleaned it up. Why not?
A. No single person's benefit from cleaning the park exceeds that person's cost of cleaning it. B. There is an excess demand for parks in the neighborhood. C. There is an excess supply of parks in the neighborhood. D. The social benefit of cleaning the park exceeds the social cost of cleaning it.