Which is a characteristic of a public good?
A)non—excludability
B)excludability
C) rivalry among firms
D) no free-rider problem
A)non—excludability
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If consumption behavior can be described as C = 50 + .8Y, then the saving function is
A) S = 50 + .2Y. B) S = -50 + .2Y. C) S = -50 + .8Y. D) S = 50 + .8Y.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.
Environmental problems in China
A) increase pressure for decentralization of power and authority from the ruling Communist party. B) are not recognized by local Chinese interests, but get large amounts of attention from global activists. C) are improving at a rapid pace in Chinese urban areas. D) are generally not an issue domestically or globally.
In order for Mary to qualify for benefits under a means-tested transfer payment program,
a. she must have worked and contributed to the program b. she must be able to repay the cash transfer at a later date c. the head of her household must be able to hold a job d. she must be totally disabled e. her household's income and/or assets must fall below a certain level