Which of the following is an example of a nonexcludable product?

Refer to Table 9-2. In Year 1, if savings deposits had been $200 billion instead of $150 billion, M1 would have been

A) unaffected. B) larger by $50 billion. C) smaller by $50 billion. D) $100 billion.

The basic difference between a public bureau and a market firm is that the bureau

a. has an incentive to maximize profits b. has no incentive to minimize costs c. managers do not attempt to maximize their self interest d. managers are more likely to be concerned with the public interest than their own self interest e. faces a budget constraint placed up it by the voters