________ are non-rival in consumption
A) Public goods and private goods
B) Public goods and club goods
C) Public goods and common pool resources
D) Private goods and common pool resources
B
Economics
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After massive promotion of Justin Bieber's latest music album, the producers reacted by raising prices for his albums. This implies that promotion expenditures made the album demand
a. Elastic b. Unitary elastic c. Vertical d. Inelastic
Economics
You observe that when stock prices rise, interest rates soon fall, and therefore conclude that higher stock prices lead to lower interest rates. This would be an example of:
A. The fallacy of composition B. Tradeoff among economic goals C. The post hoc fallacy D. The use of loaded terminology
Economics