Nonrivalry is a feature of

A) goods but not services.
B) all nonexcludable goods.
C) excludable goods.
D) public goods.


D

Economics

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The GDP deflator is the best measure that reflects the prices of goods and services purchased by the typical household

Indicate whether the statement is true or false

Economics

After acquiring closely substitutable product brands, a firm can successfully raise prices on both of the brands without losing much of its total sales because

a. Customers are insensitive to price changes b. None of these sales would be captured by its other brand c. Some of these sales lost by one brand would be captured by the other d. All of the above

Economics

Although economic science can contribute theoretical and factual knowledge on a particular issue, the final decision on policy questions often depends on:

a. information that is not currently available b. social values c. ethical considerations d. all of these

Economics

When GDP is less than total spending, GDP will fall

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

Economics