If one person's consumption of a good means that no one else can consume it,

a. that good is called a pure public good
b. production of that good creates a negative externality
c. consumption of that good creates a positive externality
d. the good is said to be excludable
e. the good is said to be rival

E

Economics

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Which of the following should be used to compare the incomes of countries with equal population but different unemployment rates?

A) Gross national product B) PPP-based measure of income per capita C) Income per worker D) Exchange rate-based measure of income per capita

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For the tragedy of the commons to occur, property rights must be clearly defined and enforced

Indicate whether the statement is true or false

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