Who tends to receive the benefits from a public good that increases the desirability of living in a certain area?
a. Government.
b. Residents.
c. Landlords.
d. No one.
c. Landlords.
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Tastes for perfect complements are both homothetic and quasilinear.
Answer the following statement true (T) or false (F)
"According to the neoclassical growth theory, national incentives to save, invest, accumulate human capital, and develop new technology influence the country's growth rate of real GDP." Comment on the accuracy of the previous statement
What will be an ideal response?
Which of the following is an example of expansionary monetary policy?
A) Open market purchases of bonds B) A decrease in government spending C) A decrease in taxes D) An increase in interest rates
Refer to the diagram. If society is currently producing 9 units of bicycles and 4 units of computers and it now decides to increase computer output to 6, the cost:
A. will be 4 units of bicycles.
B. will be 2 units of bicycles.
C. will be zero because unemployed resources are available.
D. of doing so cannot be determined from the information given.