What are the two features of a public good?
A) nonrival and excludable
B) nonrival and nonexcludable
C) rival and excludable
D) rival and nonexcludable
B
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Which of the following situations will arise in the domestic market following the imposition of a tariff?
A) imports decrease, domestic production increases, prices decrease B) imports decrease, domestic production increases, prices increase C) imports increase, domestic production decreases, prices decrease D) imports increase, domestic production increases, prices increase
The Mayor of Stuckeyville is considering increasing the tax on bowling. He is confident that tax revenues will increase but recognizes the possibility that they may decrease. The mayor is engaging in
A) dynamic tax analysis. B) static tax analysis. C) a policy that will cause the tax base to increase. D) a policy that will cause the tax base to remain unchanged.
Why does a small difference in the economic growth rate lead to big differences over time?
What will be an ideal response?
How much would the interest rate be if there was no usury law?
