Government provides a nonexcludable public good that no one wants. This situation is most closely related with:
A) government solving a market failure.
B) government failure.
C) market failure.
D) the market solving a government failure.
B
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The dynamic aggregate demand and aggregate supply model assumes that potential GDP increases over time
Indicate whether the statement is true or false
A good is classified as inferior if:
a. consumers buy less when the price rises. b. consumers buy less when income rises. c. consumers buy less when the price falls. d. consumers buy more when income rises. e. better quality goods exist.
Which of the following will not cause a shift in the demand curve for a good?
A. Income. B. Taste. C. The price of the good itself. D. The prices of other related goods.
Given the following information about AAA bank:
What is the reserve ratio?
A. 50 percent B. 40 percent C. 20 percent D. 10 percent