Which of the following goods is both excludable and rival in consumption?
a. a wristwatch
b. fire protection in a small town
c. fish in the ocean
d. efforts to fight poverty
a
You might also like to view...
The _____ requires taxpayers to calculate their taxes without most tax preferences, compare it to their tax liability the conventional way, and then pay the tax based on which is higher
a. Alternative Minimum Tax b. Alternative Maximum Tax c. Allocative Minimum Tax d. Allocative Maximum Tax
Carlos is an executive of a major corporation. Boris is a baker. Carlos earns a salary ten times as large as the salary Boris earns, and Carlos has a much larger oven for baking break
Carlos can make a loaf of bread that tastes better than Boris's bread but Boris can bake faster. A) Carlos has an absolute and comparative advantage over Boris in making bread. B) Carlos has an absolute but not comparative advantage over Boris in making bread. C) Carlos had a comparative but not absolute advantage over Boris in making bread. D) Carlos does not have an absolute or comparative advantage over Boris in making bread.
In the short run,
a. Some production costs are fixed b. All inputs are fixed c. All inputs are variable d. None of the above
U.S. net capital outflow
a. is a source of the supply of loanable funds, and the source of the supply of dollars in the foreign exchange market. b. is a source of the supply of loanable funds, and a source of the demand for dollars in the foreign exchange market. c. is a part of the demand for loanable funds, and the source of the supply of dollars in the foreign exchange market. d. is a part of the demand for loanable funds, and a source of the demand for dollars in the foreign exchange market.