Impure public goods
A. are nonrival in consumption.
B. cannot be priced in the market.
C. are rival in consumption.
D. are never provided by the private sector.
C. are rival in consumption.
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In 2007, the U.S. sold $73 million of cigarettes to Iran. Iran paid for these cigarettes using
A) dollars. B) rials, the Iranian currency. C) euros. D) pounds.
Many cellular phone rate plans are structured as a combination of ________ price discrimination
A) first-degree and second-degree B) first-degree and third-degree C) second-degree and third-degree D) peak-load pricing and third-degree
Discretionary policy deficits are associated with: a. increases in national saving. b. higher prices
c. lower outputs. d. lower interest rates. e. raising taxes.
In the modern U.S. economy, the typical unemployed person stays unemployed for
A) a relatively long time, over a year. B) a relatively short time, less than six months. C) a long time during expansions and a short time during recessions. D) an amount of time that is hard to quantify.