Public goods are I. nonexcludable. II. nonrival
A) I only
B) II only
C) both I and II
D) neither I nor II
C
You might also like to view...
If in the economy, business saving equals $240 billion, household saving equals $15 billion and government saving equals -$150 billion, what is the value of national saving?
A. $415 billion B. $105 billion C. $265 billion D. $250 billion
The cost of holding money is
A) transactions accounts. B) the opportunity cost. C) the liquidity approach. D) capital controls.
Modern economists measure how much utility Fred gets from a hot dog by
a. asking Fred how many utils he gets from its consumption. b. examining the price of the hamburger Fred chose not to buy. c. asking Fred how much of some other good he would give up to get the hot dog. The "other good" can be any good except money. d. asking Fred how much of some other good he would give up to get the hot dog. The "other good" can be any good, including money.
In the open economy macroeconomic model, the price that balances supply and demand in the market for foreign-currency exchange model is the
a. nominal exchange rate. b. nominal interest rate. c. real exchange rate. d. real interest rate.