A movie at the movie theater is an example of a good that is
a. both non-rival and non-excludable
b. both rival and excludable
c. rival but non-excludable
d. non-rival but excludable
e. rival but whose consumption creates negative externalities
D
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If elected officials prefer policy actions that make benefits available quickly while deferring costs, they will be inclined to favor
A) an easier monetary policy to counter recession. B) increased appropriations to provide jobs for unemployed workers. C) a wage and price freeze to control inflation. D) all of the above. E) none of the above.
What would an increase in U.S. trade barriers result in?
(A) Lower prices for consumers. (B) An increase in trade for the United States. (C) A decrease in trade for the United State. (D) Increased efficiency in U.S. production.