Unlike a private good, a public good
A. has no opportunity costs.
B. produces no positive or negative externalities.
C. has benefits available to all, including nonpayers.
D. is characterized by rivalry and excludability.
Answer: C
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The ratio at which nations will exchange one product for another is known as the
A. terms of trade. B. exchange rate. C. discount rate. D. balance of trade.
Describe the differences (in sign and relative magnitude) between the government purchases multiplier and the tax multiplier
What will be an ideal response?
The "War on Poverty" was declared by President Ronald Reagan in 1982
a. True b. False Indicate whether the statement is true or false
Assuming that Figure 7.1 is a market for money that can be borrowed or saved, Box 1 is 
A. "$*" for the equilibrium amount borrowed/saved. B. "r*" for equilibrium interest rate. C. "r" for interest rate. D. "$" for the amount borrowed/saved.