A patch of edible mushrooms growing wild in a national forest is a ________ good.
A. commons
B. public
C. pure public
D. private
Answer: A
You might also like to view...
In the above figure, a price ceiling of $4 would
A) result in a shortage in the long run. B) result in a surplus in the long run. C) have no effect. D) result in a surplus in the short run but have no effect in the long run.
Refer to the information provided in Table 13.3 below to answer the question(s) that follow. Table 13.3Price ($)Quantity4.001003.502003.003002.504002.005001.506001.00700Refer to Table 13.3. If a monopoly faces the demand schedule given in the table, at what level of output is its total revenue maximized?
A. 200 B. 300 C. 500 D. 600
Counting the total number of individuals on any assistance program and dividing by the population determine the poverty line.
Answer the following statement true (T) or false (F)
If the nominal interest rate is 4 percent and the inflation rate is 1 percent, then the real rate of interest is
A) 1 percent. B) 3 percent. C) 4 percent. D) 5 percent.