Which of the following goods has the property of rivalry?
A) national defense
B) a highway
C) air to breath
D) an outdoor movie screening
B
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M2 is
A) smaller than M1. B) larger than M1. C) equal to M1, given full employment. D) equal to M1, but only when all three functions of money apply.
Pegging a country's exchange rate to the dollar can be advantageous in all of the following situations except
A) if investors believe the dollar to be more stable than the domestic country's currency. B) if a country wishes to conduct independent monetary policy. C) if imports are a significant fraction of the goods the country's consumers buy. D) if the country has extensive trade with the United States.
Refer to Figure 3-5. At a price of $10, the quantity sold
A) is 2 units. B) is 4 units. C) is 6 units. D) is 8 units.
Describe the nature of trade between two countries based on intertemporal comparative advantage
What will be an ideal response?