When x increases leading decrease in output, a better policy tool is
A) decrease in policy rate.
B) increase in policy rate.
C) increase in government spending.
D) decrease in government spending.
A
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Which of the following is an example of a product that is nonexcludable and rival?
A) a motorcycle B) the court system C) Western lowland gorillas D) a NASCAR event
At the Great Exhibition in London (1851), American products were a primary attraction because they were:
a. elegantly designed. b. very long lasting. c. cheap and functional. d. handmade by skilled artisans.
When is a demand curve smooth?
a. when there are no consumers b. when there are few consumers c. when there is one consumer d. when there are many consumers
Refer to the data provided in Table 10.1 below to answer the following question(s).
Table 10.1 
Refer to Table 10.1. The marginal revenue product of the fifth worker is
A. $15. B. $75. C. $90. D. $550.