Private goods are:
A. not rival in consumption, but excludable.
B. rival in consumption and excludable.
C. rival in consumption, but not excludable.
D. not rival in consumption and not excludable.
B. rival in consumption and excludable.
You might also like to view...
Which of the following is true? a. A depression is a recession that is mild and relatively brief
b. The expansions and contractions of real world business cycles last varying lengths of time and often differ in magnitude. c. The timing of business fluctuations is regular and therefore easily predictable. d. During the contractionary phase of the business cycle, the rate of unemployment is generally quite low.
A tax that reduces economic efficiency is always bad policy.
Answer the following statement true (T) or false (F)
How is a 401(k) plan taxed?
A. A 401(k) plan is not taxed at all. B. 401(k) contributions are taxed when workers make their contributions, and grow tax-free until retirement. C. Contributions to a 401(k) plan are taxed at the time the contribution is made, and again when the money is withdrawn from the account after retirement. D. A 401(k) plan is taxed when workers withdraw money from the account to pay for retirement expenses.
In 2016, the city of Sylvester collected $800,000 in taxes and spent $200,000. In 2016, the city of Sylvester had a
A. budget deficit of $200,000. B. budget surplus of $200,000. C. budget surplus of $1,000,000. D. budget surplus of $600,000.