A good or service that is highly nonrival and highly nonexcludable is a(n) ________ good.
A. private
B. collective
C. pure public
D. commons
Answer: C
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A limit on how much a firm can export to a foreign country is called a(n)
A) import tax. B) tariff. C) quota. D) dumped supply.
Periodic fluctuations in GDP are called business cycles
a. True b. False
If inflation rises more quickly in the United States than in France, U.S. exports to France should rise
a. True b. False Indicate whether the statement is true or false
The top 1% of income earners in the U.S. (those with the highest taxable incomes) pay
A) about the same percentage of their incomes in taxes as the average U.S. taxpayer. B) a much lower percentage of their incomes in taxes than the average U.S. taxpayer. C) a much higher percentage of their incomes in taxes than the average U.S. taxpayer. D) about 15 percent of their incomes in income taxes E) a and d