A collective good is one that, to at least some degree, is:
A. consumed by more than one person.
B. nonexcludable but rival.
C. both nonrival and nonexcludable.
D. nonrival but excludable.
Answer: D
You might also like to view...
The belief that the velocity of money is not constant but highly predictable is associated with the:
a. classical school. b. Keynesian school. c. supply-side school. d. rational expectations school e. monetarist school.
A ___________ exchange rate is a policy to allow the foreign exchange market to set the exchange rate of a currency.
a. pegged b. floating c. set d. dynamic
A measure that can change from observation to observation is known as a(n)
A. variable. B. causality. C. empirical measure. D. model.
(Last Word) Advocates for a structural solution to the Great Recession argued that:
A. government should cut taxes across the board to stimulate demand for goods and services. B. firms should be allowed to go bankrupt, allowing the economy to correct for resource misallocations. C. firms in financial distress should be taken over by the government and run for the public good. D. massive public works projects should be implemented to produce public capital, keep people employed, and help workers maintain job skills.