A product is considered to be excludable if it is jointly owned by all members of a community

The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. If the market is competitive and unregulated, how much steel will be produced?

A) 0 tons B) 2 tons C) 4 tons D) 8 tons

Marketable government securities consists of Treasury bills,

A) Treasury notes, and U.S. savings bonds. B) Treasury notes, and Treasury bonds. C) Treasury bonds, and federal funds. D) U.S. saving bonds, and federal funds.