An excludable good is a good that a producer can prevent people from consuming

Indicate whether the statement is true or false


TRUE

Economics

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Which of the following results in a movement upward along the supply curve for movies in theaters?

A) an increase in the price of movie tickets B) a decrease in the price of movie tickets C) a decrease in the price of downloaded movies D) a decrease in movie star salaries E) an increase in the number of theaters

Economics

Critics of the World Bank's analysis of East Asian industrial policies argue that

A) even though growth was faster in the non-targeted industries than it was in the targeted ones, the policies were essential to overall economic growth. B) growth was faster in nearly every targeted industries than it was in the non-targeted ones. C) even though growth was the same in the targeted industries as it was in the non-targeted ones, they would have grown slower without the policies. D) growth was slower in the targeted industries; hence the policies did not work. E) measurements of economic growth are invalid and cannot be used to make comparisons between industries.

Economics

The above figure shows the market for a given product. Defining welfare as consumer surplus plus producer surplus, calculate the social welfare associated with perfect competition, single-price monopoly, and a perfect-price-discriminating monopoly

Which market structure(s) maximize social welfare?

Economics

Monopsonists tend to exploit the resources as they are the sole employers of the resources

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

Economics