Nonexcludability, in the case of rival goods, causes:
A. inefficiently high demand.
B. inefficiently low demand.
C. efficient, high demand.
D. efficient, low demand.
A. inefficiently high demand.
Economics
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Most of the world's population lives in:
A. North America. B. the DVCs. C. Western Europe. D. the IACs.
Economics
A tax structure is called progressive when:
A. The average tax rate decreases if income decreases B. High-income groups pay more taxes absolutely than do low-income groups C. The average tax rate on low-income groups exceeds the tax rate of high-income groups D. The average tax rate is constant, but the absolute amount of taxes paid increases with income increases
Economics