Public goods are characterized by:
a. rivalry in consumption
b. nonrivalry in consumption.
c. excludability of nonpayers.
d. none of the above
b
Economics
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In the above figure, which point corresponds to an increase in human capital?
A) Figure A B) Figure B C) Figure C D) Figure D
Economics
In an indifference curve/budget line diagram, a consumer's equilibrium consumption combination will occur
A) inside the budget line. B) outside the budget line. C) on the budget line. D) at the origin.
Economics