Suppose that when one person consumes a good, it is possible to provide it to others at no additional cost. Such a good is called
a. nonexcludable.
b. nonrivalrous.
c. a free good.
d. a Clarke good.
b. nonrivalrous.
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What will be an ideal response?
The most commonly used tool by the Federal Reserve to control the monetary base is
a. changes in the discount rate. b. changes in tax rates on commercial banks. c. changes in legal required reserve ratios. d. open market operations.
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What will be an ideal response?
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