A divisive society is a nonexcludable public _____________ because it comes with ____________
A) good; utility
B) bad; disutility
C) bad; utility
D) good; disutility
B
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Which specific government agency monitors unemployment?
A) Bureau of Labor Statistics B) Executive Branch C) State Department D) Commerce Department
We observe a shortage in real life when we see
A) nonmoney costs of acquiring a good increasing. B) people unable to purchase as much as their situation requires. C) prices falling. D) the amount purchased is less than the amount supplied.
Water is considered a scarce good rather than a free good because:
A) it has alternative uses. B) it does not have alternative uses. C) scarce goods are less expensive than free goods. D) free goods are more expensive than scarce goods
If we were on curve J, the lowest three quintiles received about _____% of income.
A. 20
B. 40
C. 50
D. 60