A nonexcludable public good is characterized by nonrivalry in
A. production and nonexcludability.
B. consumption and rivalry in production.
C. consumption and excludability.
D. consumption and nonexcludability.
E. none of the above
Answer: D
You might also like to view...
Assume that the currency—deposit ratio is 0.3 and the reserve—deposit ratio is 0.2. What is the money multiplier?
A) 1.5 B) 2.0 C) 2.6 D) 5.0
In the simple accelerator model, if expected output declines,
A) gross investment becomes negative. B) net investment becomes negative. C) both gross investment and net investment become negative. D) the desired stock of capital will become negative.
Would a profit-maximizing firm sell at a price where demand is inelastic? Explain
If a consumer is choosing the bundle of goods that maximizes utility subject to a budget constraint, then
A. the rate at which income affects the utility-maximizing choice is equal for all goods. B. the ratio of marginal utility to price is equal for all goods. C. the rate at which the consumer is willing to substitute between goods is equal to the market rate of exchange. D. both b and c E. all of the above