Receiving a voucher for an apartment in a public housing project would be an example of a good that satisfies
A. the definition of a good with a positive externality.
B. the principle of rival consumption.
C. the nonexclusion principle.
D. the definition of a public good.
Answer: B
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What will be an ideal response?
The American Medical Association is responsible for many of the characteristics of the modern health care delivery system
a. True b. False
Which of the following is not evidence of the lower standard of living among less- developed countries?
a. high per capita income b. high death rates c. high infant mortality rate d. low life expectancy e. high birth rate
What is one thing the Fed can do to increase the money supply?
a. raise reserve requirements b. increase the interest rate paid on reserves c. buy bonds d. increase the discount rate