If taxpayers can enjoy mosquito abatement whether or not they pay for it and, therefore, they tend to understate their true valuation of the spraying, this is an example of
a. private goods
b. the median-voter model
c. an open-access good
d. the free-rider problem
e. irrational ignorance
D
Economics
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Every component of M2 is a component of M1, but not all the components of M1 are included in M2
a. True b. False Indicate whether the statement is true or false
Economics
When the government increases its demand for loanable funds, it causes the:
A. demand for loanable funds curve to shift to the right. B. demand for loanable funds curve to shift to the left. C. supply of loanable funds curve to shift to the right. D. supply of loanable funds curve to shift to the left.
Economics