An example of a good that is not rival in consumption is:
A. bottled water.
B. electricity.
C. a sports car.
D. a paper clip.
Answer: B
Economics
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National saving minus investment equals the current account
Indicate whether the statement is true or false
Economics
If the firms hires 5 workers, the average variable costs equals
a. $200 b. $50 c. $80 d. $40
Economics
Mild upward-slope of yield curve so expect _______ interest rates
Fill in the blank(s) with the appropriate word(s).
Economics
In general, the lower the price elasticity of demand:
a. the smaller the responsiveness of price to changes in quantity. b. the smaller the responsiveness of quantity to changes in price. c. the larger the responsiveness of price to changes in quantity. d. the larger the responsiveness of quantity to changes in price.
Economics