A good is nonrival in consumption if it is not practical to exclude people who don't pay for it from enjoying its benefits.
Answer the following statement true (T) or false (F)
False
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Which statement about population growth is true?
a. How wealthy a country is has little impact on its population growth rate. b. A high population growth is just one possible explanation for declining standards of living. c. Population growth is naturally followed by greater economic growth. d. Population growth has no impact on economic growth or standards of living.
Capitalism is based on all of the following except
A. the "invisible hand". B. the price mechanism. C. trust. D. equity.
Organizations should develop as many strategic priorities as possible.
a. true b. false
Suppose that in 2011, 3 million plasma TVs were purchased at $950 each, while in 2012, 4 million plasma TVs were purchased at $800 each. What might have caused this change?
A. The price of LCD TVs (a substitute for plasma TVs) fell. B. The price of LCD TVs (a substitute for plasma TVs) rose. C. There was an advance in plasma TV manufacturing technology. D. There were fewer workers in plasma TV manufacturing.