Which of the following is not a characteristic of a public good?
a. It is not excludable.
b. It is not diminished or depreciated as additional people consume the good.
c. Its benefits cannot be withheld from anyone.
d. Because it is a free good, there is no opportunity cost.
d
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In the long run, a reduction in productivity will cause
A) an increase in the capital—labor ratio and an increase in consumption per worker. B) an increase in the capital—labor ratio and a decrease in consumption per worker. C) a decrease in the capital—labor ratio and a decrease in consumption per worker. D) a decrease in the capital—labor ratio and an increase in consumption per worker.
Changes in the saving rate, labor-force growth rate, and depreciation rate will ________ the steady-state level of real GDP per capita and will ________ the steady-state growth rate
A) affect; affect B) affect; not affect C) not affect; affect D) not affect; not affect
Government printing of money to finance government spending is called
A) irresponsible. B) an open-market purchase. C) sterilization. D) seigniorage.
Joan has the following assets and liabilities:Credit Card balance$1000Cash$200Government bonds$3,000Checking$1,500Car loan balance$10,000Car$15,000Which of the following actions would increase Joan's money demand by $100?
A. Joan pays $100 cash for a new lamp. B. Joan sells a $100 government bond and puts the proceeds in her checking account. C. Joan writes a check for $100 to pay down her car loan balance. D. Joan writes a check for $100 to pay down her credit card balance.