A public good is:
A. rival in consumption and excludable.
B. not rival in consumption and not excludable.
C. not rival in consumption, but excludable.
D. rival in consumption, but not excludable.
Answer: B
You might also like to view...
To conduct a randomized experiment, researchers usually classify the participants into a:
A) study group and a control group. B) treatment group and a test group. C) study group and a treatment group. D) treatment group and a control group.
The apparent conflict between the time-series and cross-section evidence on the U.S
saving ratio, where cross-section studies predict a long-run ________ in the ratio that does not emerge from the time-series studies, is ________ by the permanent-income and life-cycle hypotheses. A) rise, resolved B) rise, created C) fall, resolved D) fall, created
A recession is best defined as a period during which: a. the percentage of the population employed increases. b. employment, output, and income decrease
c. the average price level in an economy decreases. d. the usage of labor and capital resources increases. e. budget deficit and trade deficit decrease.
Corporate ownership in Asia is characterized by:
a. strong minority shareholder rights b. widely held ownership c. IPOs d. Hostile takeovers e. family ownership