All of the following are characteristics of public goods EXCEPT
A) public goods can be used by more people at no additional cost.
B) the good can be consumed by everyone at the same time without reducing what is available for anyone else.
C) the exclusion principle.
D) the goods are perfectly divisible.
Answer: D
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Refer to Table 2-14. If the two countries specialize and trade, who should export motorcycles?
A) There is no basis for trade between the two countries. B) They should both be importing motorcycles. C) Scotland D) Ireland
Which of the following would cause the demand curve for DVDs to shift to the right?
a. a decrease in the price of DVDs b. a decrease in the price of DVD players c. a change in the tastes towards watching movies in movie theaters d. a decrease in the number of people in the market for DVDs