Are municipal tennis courts and municipal golf courses public goods? Why or why not?
It is possible to exclude people from consuming tennis courts and golf courses. Neither is a public good. Supply by a governmental unit does not make a good public.
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Real GDP is the dollar value of all goods and services produced in an economy.
Answer the following statement true (T) or false (F)
Briefly compare and contrast the business cycle theory of Joseph Schumpeter and the real business cycle theory
In Exhibit 1, at what quantity and price have all the mutually beneficial opportunities of trade been reached between suppliers and demanders?
a. quantity of four and price of $4
b. quantity of three and price of $5
c. quantity of two and price of $6
d. quantity of one and price of $4
If a country faces starvation among its people and therefore cannot afford to improve its infrastructure (thereby inhibiting exports), it will impact its economy by
A. decreasing aggregate demand. B. increasing aggregate demand. C. increasing aggregate supply. D. decreasing aggregate supply.