Stewart is a lobsterman. His traps are
a. private goods and the lobster he catches are common resources.
b. private goods and the lobster he catches are public goods.
c. rival in consumption and the lobster he catches are not rival in consumption.
d. not rival in consumption and the lobster he catches are not rival in consumption.
a
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The Farm Factory, a booth at the local Farmer's Market, sells fresh eggs for $1.50 per dozen and fresh milk for $2.50 per gallon. What is the opportunity cost of buying a dozen eggs?
A) $1.50 B) $2.50 C) 1 2/3 gallons of milk D) 3/5 of a gallon of milk
How did the United States become a net debtor in the 1980s? Is our foreign debt a significant problem? Explain
What will be an ideal response?
Firms in a monopolistically competitive market will produce where the difference between TR and TC are maximized
a. True b. False
The table that summarizes the percent of the unemployed who have been unemployed for different lengths of time is called:
A. the duration of unemployment. B. the labor force participation rate. C. structural unemployment D. natural rate of unemployment.