In the current U.S. economy, who plays the role of lender of last resort?
A) The Securities and Exchange Commission
B) The Federal Deposit Insurance Corporation
C) The Federal Reserve System
D) The Social Security Administration
C
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Which of the following measures does not help promote technological progress?
(A) Reducing the scale of the market for a new product. (B) Training programs for workers. (C) Increased wages for researchers. (D) Issuing a patent to a company that invents a new product.
GA 400 is a state highway that runs through part of Atlanta,GA. In order to travel on one portion of GA 400, drivers are required to pay a toll. It follows that section of GA 400 will exhibit non-rivalry in consumption if
a. the road is congested. b. the road is not congested. c. the toll is decreased. d. the the toll is completely removed.