Common resources are goods that are excludable, rival, and prone to overuse
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Of the following, which group is hurt by a tariff?
A) domestic consumers of the good B) domestic government C) foreign government D) foreign consumers of the good E) domestic producers of the good
Economics
A unit tax is
A. levied at different rates on the purchase of different commodities. B. less than 0. C. a percentage of the value of the purchase. D. a given amount for each unit purchased.
Economics
Investment spending is a stock variable
a. True b. False
Economics
When the economy goes through ups and downs over time:
A. it affects the supply of labor. B. economists call this pattern the business cycle. C. it is not reflected by changes in GDP growth. D. All of these are true.
Economics