A private good is
A) a good that is rival and excludable. B) a good that is rival and nonexcludable.
C) a good that is nonrival and excludable. D) a good that is nonrival and nonexcludable.
A
You might also like to view...
For managers who have already met their goals, high powered sales goals
a. Give an incentive to spread out their sales into the year b. Give an incentive to accelerate costs or delay sales c. Give no incentive to accelerate sales or delay costs d. None of the above
When the unemployment rate is low, the impact of additional spending on real output will
a. be larger than when the unemployment rate is high. b. be smaller than when the unemployment rate is high. c. be the same as when the unemployment rate is high. d. place downward pressure on the general level of prices, leading to deflation.
Refer to the information provided in Figure 28.4 below to answer the question(s) that follow.
Figure 28.4Refer to Figure 28.4. The demand for labor falls from D to D'. If firms enter into social, or implicit, contracts with workers not to cut wages, then the wage rate will remain at $10 and
A. employment will remain at 300 million. B. employment will fall to 150 million. C. employment will fall to 200 million. D. labor supply will decrease to restore the market to equilibrium.
Refer to the diagram. If net exports are X n2 , the GDP in the open economy will exceed GDP in the closed economy by:
A. AB.
B. AD.
C. FG.
D. BD.