Which of the following is the BEST example of a good that is nonrival and excludable?
A) a can of Mountain Dew
B) fish in the ocean
C) cable television
D) national defense
C
Economics
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Refer to Table 20.1. George is a single taxpayer with an income of $65,000. If George had received a raise of $3,500 at the beginning of the year, his average tax rate would be
A) 22.99%. B) 23.75%. C) 32.5%. D) 38%.
Economics
Moral hazard occurs when an agreement encourages undesirable behavior
Indicate whether the statement is true or false
Economics