A sidewalk runs across Jermichael's front yard near the street. By law, anyone has the right to use the sidewalk. When Jermichael shovels the sidewalk after a heavy snowstorm,
a. he is providing a good that is excludable.
b. he is a free rider.
c. those who walk on the sidewalk are using a club good.
d. he is providing a good that is not rival and not excludable.
d
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The average total cost curve
A) is U-shaped. B) diminishes initially because average fixed costs diminish. C) increases eventually because of diminishing returns. D) All of the above answers are correct.
In international finance, speculation involves: ยท
a. not being able to make a commitment to buy or sell. b. taking a risk by purchasing (or selling) a foreign currency asset,holding it in anticipation of a rate increase (decrease). c. simultaneously buying several currencies to ensure that at least one will rise in value. d. avoiding risk of loss by offsetting an obligation to buy a foreign currency by locking in a contract to sell it at the same time.
It is most likely that the federal government will never actually pay off the national debt.
Answer the following statement true (T) or false (F)
The Clayton Act outlawed tying contracts.
Answer the following statement true (T) or false (F)