A common property is
a. both nonrivalrous and nonexcludable.
b. nonrivalrous, but not nonexcludable.
c. nonexcludable, but not nonrivalrous.
d. either nonrivalrous or nonexcludable, but not both.
c. nonexcludable, but not nonrivalrous.
Economics
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Adjustment costs include:
a. dealing with child labor issues. b. human rights. c. getting used to foreign products. d. short-term unemployment.
Economics
When the official price for goods and services is below the equilibrium price in a market, prices no longer perform their rationing function efficiently
a. True b. False Indicate whether the statement is true or false
Economics