Beautification of the national highways through the planting of shrubs and wildflowers will
A) be profitable for a private landscaping company because they can charge passing drivers.
B) benefit even people who do not help pay.
C) provide a flow of services that are rival in consumption.
D) provide a flow of services that involve excludable consumption.
B
You might also like to view...
Which of the following is not a component of GDP in the expenditures approach?
A. Workers' wages and other compensation B. Government purchases C. Gross private domestic investment D. The difference between exports and imports
According to Joseph Schumpeter, economic growth is achieved through
A) a process termed "creative destruction." B) removing the entrepreneur from the production function. C) centralizing economic production. D) focusing only on making old products better rather than inventing new ones.
If the proportion of bad borrowers increases,
A) the lending interest rate increases. B) the lending interest rate decreases. C) the borrowing interest rate increases. D) the borrowing interest rate decreases.
When production costs go_________________, the producer is usually able to produce more goods and services at each and every price in the market.
Fill in the blank(s) with the appropriate word(s).