Most goods are:
A. nonrival in consumption.
B. exclusive.
C. rival in consumption.
D. public goods.
Answer: C
You might also like to view...
The government can facilitate the transfer of unskilled workers to high-skilled jobs by
A) increasing tariffs to speed the development of jobs requiring skilled labor. B) laying off skilled workers to provide jobs for unskilled workers. C) providing assistance for education and training for unskilled workers. D) increasing tariffs to help unskilled workers.
Refer to the data. If this good were a private good instead of a public one, the total quantity demanded at a $3 market price would be:
Answer the question on the basis of the following information for a public good. P a and P b are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it. These people are the only two members of society.
A. 2 units.
B. 3 units.
C. 6 units.
D. 4 units.
A firm's demand for labor increases and its demand curve for labor shifts rightward if
A) the wage rate falls. B) the price of its product falls. C) its value of marginal product decreases. D) an advance in technology increases the marginal product of labor.
Following the Civil War, U.S. currency included all of the following except:
a. wooden nickels. b. silver and gold specie. c. bank notes. d. greenbacks.