Which of the following is not a characteristic of a public good?
a. It requires resources to produce.
b. It is not diminished or depreciated as additional people consume the good.
c. Its benefits cannot be withheld from anyone.
d. It is a free good.
e. It generates value (benefits) to more than one person.
D
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Currency outside of banks increases from $100 million to $200 million. This change is considered
A) a currency drain. B) a decrease in the monetary base. C) expansionary monetary policy. D) contractionary monetary policy.
Michigan Radio is the state's most listened-to public radio service, attracting approximately 400,000 listeners each week and is funded through listener donations. Listeners can access Sirius satellite radio through a subscription to the service
Michigan Radio is a ________ and Sirius satellite radio is a ________. A) common resource; natural monopoly B) public good; natural monopoly C) natural monopoly; private good D) public good; common resource