Behind the Glass-Steagall Act was the feeling that __________ is too risky for commercial banks

The nation of Aviana soon will abandon its no-trade policy and adopt a free-trade policy. If the world price of goose meat is $3 per pound and the domestic price of goose meat without trade is $2 per pound, then Aviana should export goose meat

a. True b. False Indicate whether the statement is true or false

In many countries, education is either wholly provided by the government or is heavily subsidized. How would an economist explain this?

A. Since education has a spillover? benefit, private markets will under provide for it. B. Education is a pure public good and those who do not pay cannot be excluded from it. C. Individuals will not purchase education because they do not benefit from it. D. Since education has a spillover? cost, private markets will over provide for it. E. The only way to provide education is through a? government-sponsored system.