The statement "What the economy needs is a good war" is a perverse way of acknowledging that
a. patriotism is an important factor influencing people's acceptance or rejection of specific political parties and that these parties affect national economic performance
b. over-population can ignite a population-induced business cycle
c. wars require new technology, illustrating the idea that necessity is the mother of invention
d. governments can be a cure worse than the disease
e. war generates new and multiple demands for goods in the economy and that can jump start an economy that is in a recession into its recovery phase
E
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If it is impossible or very costly to prevent someone from benefiting from a good even if the person does not pay for it, the good is
A) nonrival. B) nonexcludable. C) pure. D) rival.
When the domestic currency depreciates, domestic goods become more expensive to foreign buyers
a. True b. False Indicate whether the statement is true or false