A radio signal broadcast through the air is ________ in consumption, and listeners are ________.
A. nonrival; nonexcludable
B. nonrival; excludable
C. rival; nonexcludable
D. rival; excludable
Answer: A
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When potential GDP increases, short-run aggregate supply also increases, but long-run aggregate supply does not change
Indicate whether the statement is true or false
Resource price differentials that trigger the reallocation of resources so as to equalize payments for similar resources are known as
a. permanent differentials b. trigger price differentials c. reallocation differentials d. equal differentials e. temporary differentials
Suppose that fundamental analysis indicates a particular company's stock is overvalued
a. This means its present value is less than its price. You should consider adding the stock to your portfolio. b. This means its present value is less than its price. You shouldn't consider adding the stock to your portfolio. c. This means its present value is more than its price. You should consider adding the stock to your portfolio. d. This means its present value is more than its price. You shouldn't consider adding the stock to your portfolio.
When the price of gas goes down and the demand for tires goes up, a likely possibility is that tires and gas are:
What will be an ideal response?