What properties distinguish private goods from public goods?
a. preventive and curative
b. exclusiveness and rivalry
c. social and cooperative
d. merit and lack of merit
e. market and nonmarket
B
Economics
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Optimal decisions are made at the point where marginal cost equals zero
Indicate whether the statement is true or false
Economics
Explain how does a rise in real income affect aggregate demand?
What will be an ideal response?
Economics
Which of the following pairs of goods are substitutes?
A) Baseball bats and baseballs B) Hot dogs and mustard C) Computer hardware and software D) Gasoline and motor oil E) Owner-occupied housing and rental housing
Economics
Consumers are willing to pay a higher price for a ________-quality good because it provides them with ________ benefits.
A) higher; less B) lower; more C) lower; less D) higher; more
Economics