An example of a good that is nonrival in consumption is:
A. a campsite at Yellowstone National Park.
B. a ticket to an Omnimax movie at the Smithsonian.
C. the Lincoln Memorial in Washington, D.C.
D. All of these are nonrival in consumption.
Answer: C
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To stimulate the economy, the government is likely to
A. increase spending. B. restrict trade. C. raise prices. D. decrease expenses
During inflationary periods,
A. the real value of money rises. B. the real value of money remains constant. C. the real value of money falls. D. the purchasing power of money rises.
An increase in the demand for bonds generates
A) an increase in both the interest rate and the exchange rate. B) a decrease in both the interest rate and the exchange rate. C) an increase in the interest rate and a decrease in the exchange rate. D) a decrease in the interest rate and an increase in the exchange rate.
Unlike indifference curves, isoquants can intersect
Indicate whether the statement is true or false