Which of the following is NOT a club good?
A) cable television
B) a rock concert
C) a country club
D) a baseball bat
D
You might also like to view...
Both optimization in levels and optimization in differences:
A) consider only the benefits from different alternatives. B) consider only the costs incurred in different alternatives. C) provide identical answers when comparing two alternatives. D) require the calculation of change in net benefits of switching from one alternative to another.
Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number counted as unemployed is
a. 10. b. 15. c. 40. d. 30. e. 90.
Solutions to structural stagnation require difficult supply-side structural changes to accompany any demand-side stimulus if they are to be successful in reducing unemployment significantly.
Answer the following statement true (T) or false (F)
Refer to Figure 6.4. If consumers currently gain at the expense of producers, a maximum price must have been set at:
A. A. B. B. C. C. D. There is not sufficient information.