Which of the following is an example of a club good?
A) a lighthouse
B) burritos
C) a high school football game
D) redwood forests
C
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A profit-maximizing monopolist will stop production while MR is still greater than MC
a. True b. False Indicate whether the statement is true or false
Index funds are usually outperformed by mutual funds that are actively managed by professional money managers
a. True b. False Indicate whether the statement is true or false
For which pair of goods below would an increase in income have the same effect on both goods?
A. A normal good and a luxury good. B. A superior good and a normal good. C. A normal good and an inferior good. D. An inferior good and a luxury good.
Suppose a bank has checkable deposits of $100,000 and the required reserve ratio is 20 percent. If the bank currently has $100,000 in reserves, it could lend out as much as:
A. $100,000. B. $400,000. C. $80,000. D. $20,000.