Which of the following is not a characteristic of a public good?
a. It is scarce.
b. It is not diminished in amount as additional people consume the product.
c. Its benefits cannot be withheld from anyone.
d. It is free.
e. It yields widespread benefits.
d
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Economists have found that asymmetric information is not very prevalent
a. True b. False Indicate whether the statement is true or false
All of the following are true about a monopolist except:
A. Average and marginal revenues are not the same. B. Marginal revenue is greater than price. C. Marginal revenue can be negative. D. Marginal revenue decreases with increases in output.
Balance of payments deficits arise whenever the exchange rate is pegged at an artificially high level.
Answer the following statement true (T) or false (F)
In the textbook model of endogenous growth, in equilibrium, output grows at the rate of
A. A. B. n + d. C. sA - d. D. K.