Examples of goods that are excludable include
a. fireworks displays and fire protection.
b. internet radio subscriptions and knowledge.
c. premium movie channels and streetlights.
d. mobile phones and fire protection.
d
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Refer to Figure 2-6. If the economy is currently producing at point E, what is the opportunity cost of moving to point D?
A) 10 thousand hammers B) 8 thousand wrenches C) 13 thousand hammers D) 0 wrenches
Which of the following is the most important source of external financing for corporations?
A) stock market B) bond market C) retained earnings D) mortgages
The classical approach to a downturn in the business cycle was for the government to do nothing
a. True b. False Indicate whether the statement is true or false
If you hear that unemployment increased by 2 percentage points to 4 %in the past year, while the labor force participation rate and the population remained constant, it means:
A. unemployment doubled in the past year. B. there was a 100 percent increase in unemployment. C. twice as many people are without work than was the case a year ago. D. All of these are true.