The free-rider problem is triggered by being:
A. excludable and rival in consumption.
B. excludable and nonrival in consumption.
C. nonexcludable.
D. rival in consumption.
Answer: C
Economics
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In the above figure, which point represents an attainable but inefficient production point?
A) point C B) point N C) point L D) point D
Economics
Long-run macroeconomic equilibrium is achieved when the money wage rate has adjusted so that employment is such that real GDP equals potential GDP
Indicate whether the statement is true or false
Economics