Public television periodically runs pledge drives to raise money. Only a small percentage of the people who benefit from public television are willing to pay. What do economists call the people who do not pay?

Which of the following is a cost of providing federal deposit insurance?

a. Banks have more incentive to monitor loans with the result that their profits have declined and many have failed. b. There are no significant costs to the insurance, only benefits. c. Banks have less incentive to act responsibly with the result that they have made riskier loans and some have failed. d. The insurance makes it more difficult to regulate banks. e. The insurance makes it more difficult for the fed to run open market operations.

Which of the following will cause a movement along the supply curve for oil?

A. government tax on oil producers in Texas B. new technology to drill oil from existing oil wells C. an increase in the price of oil D. an increase in the number of oil producers