A television signal sent by cable is ________ in consumption, and viewers are ________.
A. rival; nonexcludable
B. rival; excludable
C. nonrival; nonexcludable
D. nonrival; excludable
Answer: B
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Which of the following describes the general effect of tariffs on producer surplus as shown in Exhibit 1?
a. eliminated
b. unchanged
c. decreased
d. increased
Large firms can take advantage of economies of ___________.
Fill in the blank(s) with the appropriate word(s).
Money multiplier is the amount of money the banking system generates with each dollar of reserves.
Answer the following statement true (T) or false (F)
The process of an economy adjusting from a recession back to potential GDP in the long run without any government intervention is known as
A) monetary policy. B) an automatic mechanism. C) "releasing sticky prices." D) fiscal policy.