If public goods can be produced more efficiently, then
A) public goods increase, and private goods may increase or decrease.
B) public goods production stays the same, and private goods increase.
C) public goods and private goods both increase.
D) public goods production falls, and private goods production rises.
A
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Insurance can be profitable when it
A) eliminates risks. B) decreases risks. C) pools risks. D) changes the individual's marginal utility of wealth.
Which of the following statements is true with regard to the Fed's response to the economic crisis of 2008?
a. Although the Fed lowered its interest rates to nearly zero, there are other actions it can take to improve the economy. b. Because the Fed lowered its interest rates to nearly zero, there are no other actions it can take to improve the economy. c. Since the Fed did not lower its interest rates to near zero, there are still other actions it can take to improve the economy. d. none of the above