Education at a private university is NOT a pure public good because it is
A) nonrival.
B) excludable.
C) both nonrival and nonexcludable.
D) None of the above answers is correct.
B
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If Asian economies suffer a serious economic slump, U.S. net exports will
A. increase and AD will shift outward. B. increase and AD will shift inward. C. decrease and AD will shift inward. D. decrease and AD will shift outward.
In pure competition, the average revenue of a firm always equals:
A. total revenue. B. average total cost. C. marginal cost. D. marginal revenue.
The real GDP per capita allows economic comparison between countries.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.
Figure 6.14Refer to Figure 6.14. At point A, the slope of the indifference curve is
A. -0.67. B. -1.5. C. -3.0. D. indeterminate because the marginal utilities are unknown.