If you're interested in measuring changes in people's standards of living, the most appropriate measure to use is the growth in the nation's

a. nominal GDP
b. real GDP
c. capital-output ratio
d. capital stock
e. employment

B

Economics

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Which of the following would be the most likely candidate for direct application of the benefits principle of taxation?

a. education b. fire protection c. police protection d. use of roads

Economics

Goods that are not rival in consumption, but are excludable are:

A. a common resource. B. an artificially scarce good. C. a public good. D. a private good.

Economics