A city street is
a. always a public good, whether or not it is congested.
b. a public good when it is congested, but it is a common resource when it is not congested.
c. a common resource when it is congested, but it is a public good when it is not congested.
d. always a common resource, whether or not it is congested.
c
Economics
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The supply curve slopes upward when graphed against ________, because of ________
A) the price of the good; increasing marginal cost B) the price of the good; decreasing marginal cost C) income; increasing marginal cost D) income; decreasing marginal cost
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Changes in business inventories will be negative when
A) production exceeds sales. B) production is less than sales. C) a trade surplus exists. D) a budget surplus exists.
Economics