A good or service or a resource is nonexcludable if
A) it is possible to prevent someone from enjoying its benefits.
B) it is not possible to prevent someone from benefiting from it.
C) its use by one person decreases the quantity available for someone else.
D) its use by one person does not decrease the quantity available for someone else.
B
Economics
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Given the labor force, either more capital or better technology will shift the production function downward
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the graph below. If the government wishes to collect tax revenues equal to R2, supply-side economists would strongly advise the government to set tax rates at:
A. T2 or T3
B. T2 only
C. T4 only
D. T2 or T4
Economics