A public good is described, in part, as a good

A. that may be depleted if demand is heavy.
B. that has a marginal cost at or near zero.
C. that is essential to life.
D. which has all of these characteristics.


Answer: B

Economics

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A price increase will always increase a firm’s revenue.

Answer the following statement true (T) or false (F)

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Pollutants are not harmful if they are degradable in water

Indicate whether the statement is true or false

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The introduction of the power loom during the Industrial Revolution caused:

A. economic growth. B. the long-run aggregate supply curve to shift to the right. C. an increase in the potential output of the economy. D. All of these are true.

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To be considered employed, a person must have a full-time job

a. True b. False Indicate whether the statement is true or false

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