A professional baseball game is
a. rival and exclusive, and therefore is a public good
b. rival and exclusive, and therefore is a private good
c. exclusive, but since it is nonrival, it is a public good
d. nonrival and nonexclusive, and therefore is a public good
e. nonrival and nonexclusive, and therefore is a private good
B
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U.S. currency ________
A) is less efficient than barter B) includes tobacco C) is the sum of M1 and M2 D) is composed of the bills and coins held by individual and businesses
If demand for a product is perfectly inelastic, a change in price will not change total revenue
Indicate whether the statement is true or false
A mobile phone is a
a. private good. b. club good. c. common resource. d. public good.
In the U.S., which of the following government programs assist workers find jobs when they lose their jobs due to trade?
A. Trade Adjustment Assistance program B. Social Security C. workers' compensation D. Obamacare