Which of the following is an example of a public good?
A) a lighthouse
B) a box of cookies
C) any kind of public transportation
D) the subway
A) a lighthouse
You might also like to view...
When government decides to increase spending, interest rates generally ________ and this change in interest rates ________ investment spending
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases
Which of the following statements is true?
A) In the short run, a firm can vary all its inputs. B) In the long run, a firm cannot vary any of its inputs. C) Short-run cost curves lie above long-run cost curves. D) Short-run cost curves lie below long-run cost curves.
The percent of population that experiences transient poverty at some point in their lives is:
A. less than 10 percent. B. approximately 12 percent. C. more than 25 percent. D. approximately 40 percent.
GDP is a measure of the total output of an economy
a. True b. False Indicate whether the statement is true or false