What goods are available to all without direct payment?
A. private goods
B. public goods
C. common goods
D. toll goods
Answer: B. public goods
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Refer to Figure 18.2. After trade and specialization begin, the maximum amount of spears that Macadamia can consume is
A) 40. B) 100. C) 120. D) 160.
When the expected profit ________, investment demand ________ and the demand for loanable funds curve shifts ________
A) falls; decreases; leftward B) rises; increases; leftward C) falls; decreases; rightward D) falls; increases; rightward E) rises; decreases; rightward
Joint production is production that results in the simultaneous production of ________.
A) exactly three outputs B) exactly one output C) exactly two outputs D) two or more outputs
Discouraged workers are people who have:
A. looked for work in the past year but have given up looking because of the condition of the labor market. B. not looked for work in the past year but would take a job if one was offered to them. C. looked for work in the past year but decided to leave the labor market to go back to school, retire, or be a stay-at-home parent. D. not looked for work in over a year because of the condition of the labor market.