People have little incentive to produce a public good because a there is

a. Tragedy of the Commons.

b. the social benefit is less than the private benefit.

c. there is a free-rider problem.

d. the social benefit is less than the social cost.

Choose the correct statement. A. The CPI calculation assumes that everyone shops at discount stores and no one shops at convenience stores. B.

What does an inflation rate of 1300% mean?

Financial markets : a. determine tax rates. b. increase transactions costs. c. reduce diversification. d. are the same as resource markets. e. provide liquidity.

If import restrictions prohibit foreigners from selling various goods and services in the U. S. market, a. the U. S. will be able to export more goods abroad. b. foreigners will have fewer U. S. dollars with which to buy U. S. goods and services. c.

Christy Reed has been depositing $2,000 in her savings account every December since 2001. Her account earns 7 percent compounded annually. How much will she have in December 2012? (Assume that a deposit is made in December of 2012.

If the reserve requirement was 15% and a bank customer makes a deposit of $500, the initial result would be: a. a $3,333 increase in required reserves and an $425 increase in excess reserves. be.

The following standards have been established for a raw material used to make product O84: Standard quantity of the material per unit of output 8.9 meters Standard price of the material $ 19.

Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which included his initial investment of $18,000 cash.

Which of the following asset accounts is increased when a receivable is collected? a. Accounts Payable b. Supplies c. Cash d. Accounts Receivable

A basic premise of the National Response Framework is that response structures and resources must be able to expand rapidly to meet needs associated with a given incident. A. TRUE B. FALSE