Once produced, Nonexcludable goods are _____
a. difficult to keep employees from stealing
b. difficult to keep people from consuming without paying for them
c. difficult to keep people from consuming at any price
d. available to anyone if they want to pay for it
b
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Soda companies pay universities for the exclusive right to sell their products on campus. For example, the University of Buffalo agreed to sell only Pepsi on campus in exchange for $220,000 per year. This agreement:
A. is harmful to students because the extra money gained by the university cannot be used for their benefit. B. may be beneficial for students, depending on how the university uses the $220,000. C. is beneficial for students if Pepsi charges a monopoly price on campus. D. is beneficial for students because they no longer have to make a choice about which soda to purchase.
Which of the following led to an increase in the proportion of population filing for income-tax returns from 1971 to 1998?
A. a decrease in the proportion of people filing for returns as "single head of household" B. an increase in the number of senior citizens working at part-time jobs as compared to previous generations C. an increase in the number of people who were unmarried or divorced but had children D. an increase in the population below poverty line
The level of unemployment that is equal to the frictional and structural rate in the long run is sometimes referred to as
A. the natural rate of unemployment. B. cyclical employment. C. the zero unemployment rate. D. the total rate of unemployment.
The diagram is the basis for explaining:
A. the traditional Phillips Curve.
B. the long-run Phillips Curve.
C. how central planning can make full employment and price level stability compatible goals.
D. new policies for eliminating unemployment.