Public goods are any goods provided by units of local, state, or federal governments.
Answer the following statement true (T) or false (F)
False
A public good is a good or service whose consumption by one person does not exclude consumption by others.
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An example of an M-type organizational architecture based on customer type is when divisions are defined as
a. R&D, Engineering, Production, Marketing, Sales b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division d. Business Customers, Educational Customers, Household Customers
Foreign exchange reserves are
A. Used by the Federal Reserve in open market operations. B. Holdings of foreign exchange by official government agencies. C. Holdings of foreign exchange by individual citizens. D. Held illegally by many countries.
An increase in the price level in an economy will decrease the real GDP demanded along the aggregate demand curve.
a. true b. false
What combination of changes would most likely decrease the equilibrium price?
A. When supply decreases and demand increases B. When demand increases and supply increases C. When demand decreases and supply decreases D. When supply increases and demand decreases