All of the following are characteristics of public goods EXCEPT
A) Public goods can be used by more people at no additional cost.
B) The good can be consumed by everyone at the same time without reducing what is available for anyone else.
C) the exclusion principle
D) The goods are perfectly divisible.
D
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Of the following, pick the year the U.S. enjoyed a budget surplus
A) 1970 B) 1980 C) 1990 D) 2000 E) 2010
The price system rations goods among consumers in such a way that
a. all are treated equally. b. all needs are satisfied. c. the rich are favored. d. important needs are satisfied first.
A rise in the wage rate would cause
A. an increase in the MRP schedule of labor. B. a decrease in the MRP schedule of labor. C. no change in the MRP schedule of labor.
The reason that time deposits are subject to zero reserve requirements is that _______.
Fill in the blank(s) with the appropriate word(s).