Nonexcludable and nonrival goods are known as
a. Public goods.
b. Private goods.
c. Efficient goods. .
d. Those which are the last to be purchased.
e. There is no such thing as goods which are both Nonexcludable and nonrival.
A
Economics
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A trade surplus provides a measure of the gap between exports and imports
a. True b. False Indicate whether the statement is true or false
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In a competitive market, no single producer can influence the market price because
a. many other sellers are offering a product that is essentially identical. b. consumers have more influence over the market price than producers do. c. government intervention prevents firms from influencing price. d. producers agree not to change the price.
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