Total income received by households is called:
a. national income

b. gross domestic product.
c. personal income.
d. gross national product.


c

Economics

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The free-rider problem is triggered by being:

A. nonexcludable. B. rival in consumption. C. excludable and rival in consumption. D. excludable and nonrival in consumption.

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A monopolist has a strong incentive to advertise

Indicate whether the statement is true or false

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In the basic model with an AD and LRAS curve only, if spending growth is 10% and the Solow growth rate falls from 5% to 3%, then inflation will:

What will be an ideal response?

Economics