From which of the following goods is it most difficult to exclude free riders?
A) Tickets for the Newport Jazz Festival
B) Food and beer sold at the Newport Jazz Festival
C) Programs and souvenirs sold at the Newport Jazz Festival
D) A radio simulcast of the Newport Jazz Festival
D
Economics
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Which of the following reasons explain why work was organized into large centrally powered
a. They promoted a more efficient division of labor. b. They allowed for less supervision of production. c. They increased transportation costs. d. They used machines that were smaller than those used in homes.
Economics
Suppose an economy’s real GDP is $100,000 in year 1 and $110,000 in year 2. What is the growth rate of its GDP? Assume that population was 200 in year 1 and 205 in year 2. What is the growth rate in GDP per capital?
What will be an ideal response?
Economics