Which of the following is not an example of a public good that the government has made excludable?
A. State colleges.
B. Toll roads.
C. City buses.
D. Fire Protection.
Answer: D
Economics
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If demand for Rolls Royce automobiles rises in an area where incomes have increased, this tells us that a Rolls Royce is
A) a normal good. B) an inferior good. C) a complementary good. D) a substitute good.
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The short-run equilibrium position for a firm in monopolistic competition is the point at which the firm's marginal-cost curve intersects its marginal-revenue curve from above
a. True b. False Indicate whether the statement is true or false
Economics