A pure private good is _____ and _____
a. nonexcludable; private in consumption
b. excludable; private in consumption
c. excludable; collective in consumption
d. nonexcludable; collective in consumption
b
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State banking authorities have sole jurisdiction over state banks
A) without FDIC insurance. B) that are not members of the Federal Reserve System. C) operating as bank holding companies. D) chartered in the 21st century.
Jake just quit his job as a shoe salesman and is looking for work as an accountant, which is what his college degree is in. Jake would be considered:
A. frictionally unemployed. B. structurally unemployed C. cyclically unemployed. D. Jake is not in the labor force.
If a nation produces more than it spends what do we know about: A. its net exports? B. its net capital outflow? C. its saving in relation to its domestic investment?
Price elasticity of demand shows how:
a) To compute the slope of the demand curve. b) Price responds to demand changes. c) Quantity demanded responds to price changes. d) Quantity demanded responds to changes in the price of other goods.