A public good is a good that:
A.) Can be jointly consumed.
B.) Can be consumed by just one person.
C.) Is financed by the public sector, not the private sector.
D.) affects a third party.
A.) Can be jointly consumed.
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Suppose we have an economy for which G = 1100, T = 800, S = 230, and I = 230. If I falls to 150, the economy's trade deficit
A) increases from 0 to 80. B) decreases from 300 to 220. C) decreases from 0 to -80. D) decreases from 70 to -10. E) increases from 0 to 70.
The Sudsy Soda Company will not sell its soft drinks to a restaurant unless that business also buys paper cups from Sudsy. This requirement is an example of
A) product versioning. B) tie-in sales. C) price differentiation. D) complementary pricing.
According to the principle of comparative advantage, all countries can benefit from trading with one another because trade allows each country to specialize in doing what it does best
a. True b. False Indicate whether the statement is true or false
If Tucker University increases tuition in order to increase its revenue, it will:
a. be successful if demand is inelastic. b. be successful if supply is elastic. c. not be successful if the demand curve slopes downward. d. be successful if demand is elastic.