As viewed by economists, a public good ______.
a. can be controlled only by the government
b. is hard to prevent people from using
c. cannot be physically touched or moved
d. is purchased with tax revenue
b. is hard to prevent people from using
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Economic freedom is crucial for achieving economic growth because ______.
A. it gives the incentive to save, invest, expand human capital, and discover and apply new technologies B. it ensures that the majority of citizens make the most important decisions C. only good government can make the right investment decisions D. it protects workers' rights and prevents unfair firing E. it upholds democracy, which is essential if an economy is to grow
The value of net exports is:
A. exports -imports. B. (exports + imports) -tariffs. C. exports + imports. D. imports -exports.