If a country's income is rapidly increasing it must:

A. have a high level of growth.
B. be well-endowed with natural resources.
C. have a lot of room to expand.
D. have a high level of income.


Answer: A

Economics

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a. True b. False Indicate whether the statement is true or false

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a. True b. False Indicate whether the statement is true or false

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A street light is

a. rival and exclusive, and therefore is a public good b. nonrival, but since it is exclusive, it is a private good c. exclusive, but since it is nonrival, it is a public good d. nonrival and nonexclusive, and therefore is a public good e. nonrival and nonexclusive, and therefore is a private good

Economics