Suppose a satellite radio signal can be received by any number of devices without the quality being diminished but that the devices are only activated when consumers pay a subscription. Which recognized characteristic of goods does not hold
A. morality.
B. exclusivity.
C. lucidity.
D. rivalry.
Answer: D
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Countries that use the euro as their currency face similar concerns as countries did during the years of the gold standard in that each are (were)
A) using a floating currency. B) unable to conduct fiscal policy. C) unable to conduct monetary policy. D) using currency which is backed by gold.
A barter economy
A) cannot be a market economy. B) is an economy without monetary exchange. C) is an economy with no business firms. D) is not a competitive economy.
If two goods are substitutes, then
a. an increase in the demand for one of them will lead to an increase in demand for the other b. an increase in the demand for one of them will lead to a decrease in demand for the other c. an increase in the supply of one of them will lead to an increase in supply of the other d. an increase in the supply of one of them will lead to a decrease in supply for the other e. they cannot be produced at the same time
The hallmark of Clintonomics was first to reduce the budget deficit
a. True b. False Indicate whether the statement is true or false