A large dam along the Tennessee River is a public good because ______.
a. it is excludable
b. it is rival in consumption
c. it belongs to the government
d. it provides flood protection to everyone
d. it provides flood protection to everyone
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If Nations Quirk and Turk only produce aluminum or oil, the table below shows the maximum output of each nation. Output (units)NationsAluminumOilQuirk2040Turk3090Which one of the following terms of trade is most likely to produce mutually beneficial exchange between the two nations?
A. 1 unit of oil for 0.4 unit of aluminum B. 0.5 unit of oil for 2 units of aluminum C. 0.5 unit of oil for 1 unit of aluminum D. 1 unit of oil for 4 units of aluminum
People have little incentive to contribute to a project if they will be able to enjoy the benefits of the finished project for free
Indicate whether the statement is true or false
In the above figure, when the price of a gallon of gasoline falls, which points in the above figure are used to derive points on the consumer's demand curve for gasoline?
A) points A and B B) points A and C C) points B and C D) points A, B, and C
Suppose the population of the U.S. is 300 million people. Of these, the U.S. Bureau of Labor Statistics classifies 70 million people as "not surveyed," 80 million people as not in the labor force, and 144 million as employed. What would be the unemployment rate in this example?
Select one: a. 2% b. 4% c. 6% d. 8%