A private good is non-excludable and rival in consumption

a. True
b. False
Indicate whether the statement is true or false


False

Economics

You might also like to view...

Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.

A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary

Economics

Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.

A. D; C B. D; B C. A; B D. B; C

Economics

Which of the monetary policy tools can alter both the level of excess reserves and the money multiplier?

A. The reserve requirement B. The discount rate C. Open-market operations D. The federal funds rate

Economics

Which of the following could contribute to a rise in GDP yet may not be economically beneficial?

a. building schools b. water treatment plant construction c. tobacco sales d. airport construction

Economics