Judging from the table of the four types of goods, goods that are nonrival in consumption would include ______.
a. pizzas and automobiles
b. rainforest trees and clothing
c. the atmosphere and rainforest trees
d. movie streaming and street lighting
d. movie streaming and street lighting
You might also like to view...
An increase in the reserve requirement
A) increases the money supply, which leads to increased interest rates and a decrease in GDP. B) decreases the money supply, which leads to increased interest rates and a decrease in GDP. C) decreases the money supply, which leads to decreased interest rates and a decrease in GDP. D) increases the money supply, which leads to decreased interest rates and a decrease in GDP.
Refer to the table above. If the rental price of machines is $40 per day, up to how many machines should the firm rent to maximize profits?
A) 2 B) 4 C) 6 D) 7
Which of the following statements is true?
a. In both black markets and legal markets, supply and demand determine price. b. The quality of products sold in black markets and legal markets are similar. c. The price of products in black markets tends to be the same as those in legal markets for otherwise identical products. d. The rate of violence is similar in black markets and legal markets.
When a government partially defaults its debt, a "haircut" of 20% means that
A) creditors receive 20% of what they owed. B) creditors receive 80% of what they owed. C) creditors receive 40% of what they owed. D) creditors receive 10% of what they owed.