Fiscal policy has a greater impact in a closed economy than it does in an open economy

A public good is: a. a good or service for which it is relatively easy to exclude nonpaying customers from consumption. b. a good or service that is consumed by both the paying and nonpaying customers

c. any good or service that is produced by the government. d. a good or service that is consumed by private individuals and financed by private contributions.

Maximum Feasible Hourly Production Rates of EitherComputers or Bicycles Using All Available ResourcesProductUnited StatesChinaComputers83Bicycles26 Refer to the above table. Assuming that opportunity costs are constant, the opportunity cost of producing a bicycle in the United States is equal to ________, and the opportunity cost of producing a bicycle in China is ________.

A. 4 computers; 0.5 computer B. 2.67 bicycles; 0.33 computers C. 0.375 computer; 3 bicycles D. 0.25 computer; 2 computers