If you can consume a good without having to pay for it, the good must be nonrival in consumption.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Suppose a nation has a total population of 100,000,000. Out of that, 60% are in the labor force and 55,000,000 people are employed. What is the nation's unemployment rate?
A) 5.0% B) 8.3% C) 9.1% D) 10.9%
Ceteris paribus, which of the following is most likely to cause an increase in the quantity demanded of perfume?
A. An increase in income. B. A decrease in the price of perfume. C. A decrease in tastes for perfume. D. An increase in the price of electricity.
A country, such as Argentina in 2002, that is buying its own currency to maintain a given exchange rate
A. has a balance of payments surplus. B. has an undervalued currency. C. has an overvalued currency. D. need not fear a “run” on its currency.
re insurance is used by insurance companies faced with:
A. the problem of moral hazard. B. the prospects of a large but diversified risk. C. inadequate capital to handle a potential loss. D. insolvency.