The national defense of the United States is not rival because
a. my enjoyment of the national defense does not diminish your enjoyment of the national defense of the United States.
b. my enjoyment of the national defense does diminish your enjoyment of the national defense of the United States.
c. once the nation is defended, it is impossible to prevent any single person from enjoying the benefit of this defense.
d. once the nation is defended, it is possible to prevent any single person from enjoying the benefit of this defense.
a
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According to Schumpeter, why don't competitive firms innovate?
The optimal quantity of a negative externality is zero if:
A. it is costly for people to negotiate with each other. B. it imposes a high enough cost on society. C. the marginal cost of reducing the externality is zero. D. the majority of voters decide to eliminate the externality.
Discretionary fiscal policy is independent of Congress and based on the progressivity of the tax system.
Answer the following statement true (T) or false (F)
The axes for the short-run aggregate supply curve are:
A. real output and the price level. B. inflation and real output. C. real output and unemployment. D. unemployment and inflation.