Consider the nations of Canada, the United Kingdom, and the United States. Since 1870, which of these nations has progressed, in an economic sense, more slowly than the other two nations?
The United Kingdom's growth rate (1.43 percent per year) is considerably lower than the growth rates of Canada (2.00 percent per year) and the United States (1.77 percent per year).
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Using the demand schedule in the table above, the total revenue a perfectly price discriminating monopolist receives from selling 5 units of output is
A) $5. B) $15. C) $18. D) $25.
Assume a closed economy with fixed taxes and the marginal propensity to consume is equal to 0.9. What is the government spending multiplier?
A) 10 B) 9 C) 5 D) 1
In which of the following have pension funds invested the most?
A) corporate equities and mutual fund shares B) government securities C) corporate bonds D) mortgages
National defense is considered a public good because there appears to be no limits to the nonrivalry-in-consumption characteristic, and exclusion of nonpayers is impossible. Are there any other goods that so perfectly meet both public goods criteria?