The collective action problem can be solved by establishing a sovereign state over a particular territory.
Indicate whether this statement is true or false.
Question 2
Priming the pump means
a. increasing gas taxes as a result of the government colluding with oil refineries.
b. putting money in people's hands in the hope of stirring up demand.
c. pumping up the prime rate, or the interest rate, banks charge one another.
d. reducing effective demand by increasing interest rates.
e. none of the above.
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