An example of a public good that the government has made excludable is:
A. national defense.
B. city buses.
C. sewer systems.
D. police protection.
Answer: B
You might also like to view...
Suppose the world price of a good is $4. Based on the table below, the country would
Price Q Demanded Q Supplied 2 100 70 4 95 75 6 90 80 8 85 85 10 80 90 12 75 95 A) import 20 units. B) export 20 units. C) import 10 units. D) export 10 units.
A middleman is a person who
a. specializes in arranging trades and selling, guaranteeing, and servicing items traded. b. acts as a middle person between the top management of a business firm and the hourly employees who actually produce the goods and services. c. adds to the seller's expense and the buyer's buying price without providing a service to either. d. levies a tax on private sector activity and uses the funds to support government activities.
If consumption expenditures fall, then in the short run
a. inflation and unemployment rise. b. inflation rises and unemployment falls. c. inflation falls and unemployment rises. d. inflation and unemployment fall.
What is unplanned investment? How does it occur?
What will be an ideal response?