Public goods have at least one of two characteristics. What are the two characteristics?
a. collective consumption; nonexcludability
b. individual consumption; nonexcludability
c. collective consumption; excludability
d. individual consumption; excludability
a
Economics
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Which region of the world experienced a decade-long crisis and stagnant or even negative growth rates during the 1980s?
A) Latin America B) East Asia C) The United States and Canada D) Europe E) The European Union
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An economic hypothesis: a. can be tested using empirical analysis
b. can be tested using normative analysis. c. cannot be tested since it is normative in nature. d. cannot be tested since it is a positive economic statement.
Economics