A good is considered to be a rival good if
A) you can keep those who did not pay for the good from enjoying its benefits.
B) your consumption of the good reduces the quantity available for others to consume.
C) you cannot keep those who did not pay for the good from enjoying its benefits.
D) it is jointly owned by all members of a community.
B
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Explain the long-run consequences of continued increases in the money supply
What will be an ideal response?
The effectiveness lag for monetary policy is short
a. True b. False Indicate whether the statement is true or false
Provisions of the 2009 Economic Recovery Act (i.e., President Obama's "Stimulus Package") calling for tax credits for first-time home buyers and hybrid cars confirm that the
A. Obama Administration believes that taxes can alter the spending decisions of taxpayers. B. Obama Administration is committed to across-the-board reductions in personal income tax rates. C. Bush Administration's tax cuts were too costly. D. credo of Congress is "No Good Deed Will Go Untaxed."
Refer to the scenario above. The future value of the initial deposit after one year is:
A) $300. B) $1,000. C) $1,300. D) $2,300.