"Consumed by one, consumed by all." This describes
A) public goods.
B) private goods.
C) consumer goods.
D) inferior goods.
A
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Federal government outlays include ________
A) transfer payments, grants to states, interest payments on the national debt and income tax revenues B) grants to states, interest payments on the national debt, income tax revenues and government purchases C) interest payments on the national debt, income tax revenues, government purchases and transfer payments D) government purchases, transfer payments, grants to states and interest payments on the national debt
Consider the same market for nonalcoholic beer as in the previous question. How many "units" of beer will Boors produce in the Nash equilibrium?
a. 667 b. 1,667 c. 2,333 d. 3,000
Refer to the given table. Relative to column A, column B represents:Price Per UnitColumn A Units Per YearColumn B Units Per Year$20100110$308595$407080$505565$604050
A. an increase in demand. B. a decrease in supply. C. an increase in supply. D. a decrease in demand.
Which of the following is a question answered with normative economic reasoning?
A. If the college offers free parking for students, will more students drive to campus? B. Should the college cut tuition to stimulate enrollment? C. If the college provided more financial aid assistance, would more students benefit? D. If the college increased tuition, would class size decline?