An example of a public good would be
A. a plane ride from Miami to Dallas.
B. flood control protection from a government authority.
C. a commuter's trip to work by car from Berkeley to Chicago.
D. a bus ride from Phoenix to Los Angeles.
B. flood control protection from a government authority.
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How is the GDP deflator is calculated
What will be an ideal response?
A factory is an example of:
a. capital. b. scarcity. c. an enterprise. d. land resources. e. output.
In the short run, the marginal cost curve crosses the average total cost curve at
a. a point just below the average fixed cost curve. b. the minimum point on the average total cost curve. c. the maximum point of the average variable cost curve. d. all of the above points.
Assets minus liabilities equals
A) accounting profit. B) economic profit. C) net worth. D) implicit costs.