One difference between public goods and near public goods is the degree of rivalry
Indicate whether the statement is true or false
T
You might also like to view...
Suppose Canada has a population of 30 million people and a labor force participation rate of 2/3. Furthermore, suppose the natural rate of unemployment in Canada is 7%. If the current number of unemployed people is 2 million people, what can we conclude about Canada's economy?
A. There is no frictional unemployment present in the economy. B. The unemployment rate is above the natural rate of unemployment. C. The unemployment rate is below the natural rate of unemployment. D. There is no cyclical unemployment present in the economy.
Economic growth is represented by an inward shift of the production possibility curve
a. True b. False Indicate whether the statement is true or false
To an economist, the cost of a college education
A. includes the income that the student could have earned during the time spent in college. B. can be measured solely by the dollar cost of tuition, books, and other fees. C. includes only the cost of schooling, not the cost of housing and food. D. excludes financial aid in computation of the cost of schooling. E. All of these responses are correct.
Which of the following is an example of an industrial union?
A. The United Auto Workers. B. The AFL-CIO. C. The International Brotherhood of Electrical Workers. D. The Carpenters Union.