A good is considered to be a public good if it
a. is a good produced by the government sector.
b. is both nonrival-in-consumption and nonexcludable.
c. benefits only a small group of consumers but is very costly to produce.
d. is a good whose production is financed by tax revenue.
B
Economics
You might also like to view...
________ increases households' saving
A) A decrease in the real interest rate B) A tax cut that increases disposable income C) Higher expected future income D) A stock market boom that increases the purchasing power of households' wealth
Economics
Explain how the Keynesian view differs from the classical view with respect to saving. Explain further how the two views differ with respect to investment
Economics