Which of the following goods is an example of a good that is nonexcludable but not nonrivalrous?
a. National defense.
b. A fishing lake.
c. A lighthouse.
d. A radio broadcast.
b. A fishing lake.
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he United States' economy was most depressed in
A. 1923. B. 1933. C. 1943. D. 1953.
Refer to the figure above. What is the market-wide consumer surplus when the market price of wine is $18?
A) $36,000 B) $3,000 C) $45,000 D) $210,000
Which of the following is not a component of the M2 money supply?
A) Cash in circulation B) Gold owned by the federal authorities C) Deposits in checking accounts D) Any issued traveler's checks E) All of the above.
If a fear of increased bankruptcies of firms causes banks to increase their reserve to deposit ratio, then
a. the money supply and money multiplier will rise. b. the monetary base and the money multiplier will fall. c. there will be no change in the money multiplier, but the money supply will fall. d. the money multiplier and the money supply will fall.