For a good to be nonrival, then
A) one person's consumption of that good does not decrease another person's consumption of that good.
B) a person cannot be prevented from consuming that good even if he or she did not pay for it.
C) a person is willing to pay any price to ensure that the product is available.
D) a person is not willing to pay for the good because even without paying for it, the person can consume the good anyway.
A
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As it relates to migration, self-selection is most likely to apply to:
A. Highly-skilled immigrants B. Low-skilled immigrants C. Highly-skilled domestic workers D. Low-skilled domestic workers
What are the key ingredients of Taiwan's successful entry into world markets? What lessons can other developing countries draw from Taiwan's experience with global markets?
What will be an ideal response?
GATT is the acronym (or abbreviation) for:
a. the General Agreement on Taxes and Tariffs. b. the General Agreement on Tariffs and Trade. c. the General Agreement on Trade and Taxes. d. the General Agreement on Trade.
Normally, whenever the central bank lowers the rate it charges banks for overnight loans market rates of interest:
a. are not affected. b. fall at the same rate. c. increase. d. are unstable.