« previous next »

Author Question: What is the free-rider problem? What will be an ideal response?[br][br][b][color=red]Question ... (Read 23 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
What is the free-rider problem?
 
  What will be an ideal response?

Question 2

Lucas and Sargent argue that the short-run trade-off between unemployment and inflation is caused by
 
  A) workers and firms rapidly adjusting wages and prices in response to changes in expectations.
  B) workers and firms using all the information available to predict inflation.
  C) workers and firms being fooled by unexpected changes in monetary policy.
  D) workers and firms using Fed policy to predict inflation.


yifu223

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jun 29, 2018
Answer to Question 1

The free-rider problem exists when people can enjoy the benefits of public goods whether they pay for them or not. Usually they are unwilling to pay for them.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Pollution in the Least Industrialized Nations has become a major problem. These children in the ... Pollution in the Least Industrialized Nations has become a major problem. These children in the ...
The Cells of the Innate Response The Cells of the Innate Response
How to calculate present value (Question 1) How to calculate present value (Question 1)
Economics question Economics question
economic question (having trouble) economic question (having trouble)
An example of a cell-mediated immune response targeting virus-infected cells. An example of a cell-mediated immune response targeting virus-infected cells.
Video: Barriers - eye structures, digestive mucosa, respiratory mucosa & genitourinary mucosa

For a complete list of videos, visit our video library