A pizza is rival. What can J.T. do with a pizza to show that it is rival?
a. Eat it.
b. Share it.
c. Lock it up.
d. Smell it.
a. Eat it.
You might also like to view...
For Product X, the income elasticity of demand is 1.16. Which of the following is therefore definitely TRUE?
A) Product X is a necessity. B) Product X is income elastic. C) Product X is a substitute for some other good. D) Product X is something that mostly poor people will buy.
According to many modern monetarists
A. the government can minimize economic instability by stabilizing growth of the money supply at a constant low rate. B. short-run variations in an economy's productive capacity can be predicted precisely. C. discretionary monetary policy enables the Federal Reserve System to closely control the economy. D. the money supply should grow at a rate determined by short-run economic fluctuations.
Which of the following types of variables cannot be included in a fixed effects model?
A. Dummy variable B. Discrete dependent variable C. Time-varying independent variable D. Time-constant independent variable
Suppose that a perfect-maximizing monopolist operates with a horizontal marginal cost curve and no fixed costs. Which of the following would NOT be represented as part of the area between its demand curve and marginal cost curve?
A) total costs B) economic profits C) consumer surplus D) deadweight loss