The consumption of public goods is
a. excludable and rivalrous
b. excludable and non-rivalrous
c. non-excludable and rivalrous
d. non-excludable and non-rivalrous
d
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When the market price rises, the consumers' consumer surplus ________. When the market price falls, the consumers' consumer surplus ________
A) decreases; increases B) decreases; decreases C) increases; increases D) increases; decreases E) does not change; increases
Keynesians believe that the difference between using an increase in the money supply compared with an increase in government spending to increase aggregate demand in the event of a recession is that if government spending is increased, ________ will
be ________ than if the money supply is increased. A) real interest rate; higher B) real interest rate; lower C) the price level; lower D) the price level; higher
When deficits are run continuously with a constant nominal interest rate, nominal interest payments on the total nominal debt will become smaller relative to future deficits, ceteris paribus.
Answer the following statement true (T) or false (F)
According to the concept of the "invisible hand," if Susie opens and operates a profitable childcare center, then
What will be an ideal response?