Roads can be considered either public goods or common resources, depending on how congested they are
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The following table shows the different quantities sold by a monopolist at different prices
Quantity (units) Price ($) 1,000 14 1,350 12 1,700 10 2,100 8 2,650 6 3,000 4 3,300 2 a) Estimate the total revenue and marginal revenue of the monopolist at the different quantities. b) If the monopolist faces a constant marginal cost of $2.29, what is the optimal output it should produce?
When the external balance relationship between government spending and money stock is positive, then the
A) internal balance between them must be negative. B) internal balance between them might be negative or positive. C) internal balance between them must also be positive. D) internal balance between them would not exist.
In the simple Keynesian model, if there is an autonomous investment falls by $20 billion and the MPC (b) is 0.60, the equilibrium income level will increase by
a. $13.3 billion. b. $20 billion. c. $50 billion. d. $100 billion.
Growth in total factor productivity equals the _____
a. sum of resource growth and economic growth b. ratio of total output to total input c. ratio of total input to total output d. percentage change in per capita real GDP e. percentage change in output minus the percentage change in resources