A private good is a good that:
A. is nonrival.
B. is not excludable.
C. is provided only by private sectors.
D. is consumed by a single person or household.
Answer: D
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The percent of population that experiences transient poverty at some point in their lives is:
A. more than 25 percent. B. less than 10 percent. C. approximately 12 percent. D. approximately 40 percent.
The market clearing price is
A) the price which eliminates excess quantity supplied or excess quantity demanded. B) the price which leaves an excess quantity demanded. C) the price which leaves an excess quantity supplied. D) the lowest price at which a positive quantity supplied exists.
What are the two most important factors influencing investor preferences?
A. The desire for high rates of return and the thrill of uncertainty. B. The desire for high rates of return and dislike of risk and uncertainty. C. An equal balance between stocks and bonds, and high rates of return. D. Stable rates of return and balance between private and public sector financial assets.