A public good in which exclusion is possible is called
A) an exclusive good.
B) a common good.
C) an impure good.
D) a club good.
D
You might also like to view...
When local governments ignore all other considerations and award cable TV franchises to the firms that offer the highest money bids, they
A) discriminate against the poor. B) encourage corruption. C) introduce delay into the system but increase its efficiency. D) reduce the likelihood of illegal bribes. E) increase the likelihood the winning firm will be incompetent.
What are some of the sources of long-run economic growth, and which is the greatest contributor to growth?
What will be an ideal response?
Which of the following is the primary source of high earnings in a market economy?
What will be an ideal response?
Under the gold standard, if a country had a deficit in its balance of payments, it would have to:
A. sell gold in order to keep the value of its currency from rising. B. buy gold in order to keep the value of its currency from rising. C. sell gold in order to keep the value of its currency from falling. D. buy gold in order to keep the value of its currency from falling.