One characteristic of a public good is that it is ____________, which means that it is costly or impossible to prevent someone from using the good.
a. nonrivalrous
b. noncooperative
c. nonexcludable
d. nonpartisan
c. nonexcludable
One characteristic of a public good is that it is nonexcludable, which means that it is costly or impossible to prevent someone from using the good.
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Adherents of Say's law maintained that
A. demand created its own supply. B. people work in order to earn income to spend on consumption. C. people work in order to earn income to save. D. demand is unaffected by supply.
All of the following can be used to reduce risk except which one?
A) settling a law suit B) entering into litigation C) purchasing insurance D) diversifying your stock portfolio
Price leadership is an example of explicit collusion by oligopolies.
Answer the following statement true (T) or false (F)
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to rise and monetary base to remain the same. b. Demand for real goods and services to fall and M2 money supply to fall. c. Demand for real goods and services to remain the same and M2 money multiplier to fall. d. Demand for real goods and services to remain the same and M2 money supply to remain the same.