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A(n) ______ is someone who gets direct benefits from another person’s purchase of a public good.  

True or False.  The Bureau of Labor Statistics reports the percentage of labor force unemployed utilizing the payroll survey.

Money creation occurs in the banking system when :

True or False?  Attendance counts as part of your grade?

Currency held in the vault of Bank of America is

Building a new road creates a ____________ externality due to the loss of a beautiful landscape which people can no longer enjoy.

Banks can protect themselves from going bankrupt through which of the following?

Mark all that apply.  When speaking about property rights and protection of endangered species, property right should:

The following table shows costs and prices faced by an automobile manufacturer.  Profit maximization is achieved at a production rate of ____ autos per month  (Enter your answer as a numeric value). Output (cars per month) 0 1 2 3 4 Price (millions per car) 0 $9 $8 $7 $6 Total cost (millions per month) $1 $4 $6 $12 $16 Total revenue (millions per month)           Total Profit (millions per month)            

Cautions about the money multiplier