A price excludable public good is such that
A. both rivalry and exclusivity hold.
B. exclusivity holds, but rivalry does not.
C. neither rivalry nor exclusivity hold.
D. rivalry holds, but exclusivity does not.
Answer: B
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How does the existence of money affect economic growth?
What will be an ideal response?
The existence of rating agencies has
A) lowered returns on corporate bonds. B) raised returns on corporate bonds. C) left returns on corporate bonds largely unaffected. D) raised returns on both corporate bonds and Treasury securities.
Find the tax multiplier if the MPC is 0.75.
A. ?4. B. ?3. C. 0.33. D. 3.
Please state whether you agree or disagree with the following statement, and why: "An increase in the price level of a country, relative to another country's price level, will cause its currency to appreciate."
What will be an ideal response?