All of the following are characteristics of public goods EXCEPT
A) Public goods can be used by more people at no additional cost.
B) The good can be consumed by everyone at the same time without reducing what is available for anyone else.
C) the exclusion principle
D) The goods are perfectly divisible.
D
You might also like to view...
If marginal revenue is greater than marginal cost, the firm should
A) raise price. B) raise marginal revenue. C) increase its rate of output. D) decrease its rate of output.
Suppose the money demand curve shifts rightward. Which of the following is true about the alternative policy options available with the Fed? a. The Fed can keep the interest rate from rising only if it increases the money supply
b. The Fed cannot prevent the interest rate from rising. c. The Fed can prevent the interest rate from rising without changing the money supply. d. If the Fed expands the money supply, the interest rate will rise even further. e. The Fed should reduce the money supply if it plans to prevent the interest rate from rising.