A good is said to be excludable if
a. those who do not pay for it can be prevented from consuming it
b. those who do not produce the good can be prevented from consuming it
c. it is not traded in a public market
d. there is no rivalry in consuming it
e. its use can be continued indefinitely
A
Economics
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The break-even inflation rate is the
A) excess of the nominal interest rate over the TIPS interest rate. B) inflation rate that makes the nominal interest rate equal the real interest rate. C) negative of the real interest rate. D) inflation rate that is optimal according to the Friedman rule.
Economics
Because central banks intervene in currency markets, the term ____ has been used to describe the system
a. organized b. planned c. dirty float d. flexible
Economics