One characteristic of a public good is that it
A) is available for consumption by only a few individuals at any particular time.
B) always eliminates the free-rider problem.
C) can be consumed simultaneously by many individuals.
D) can be easily subdivided into small units.
Answer: C
Economics
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The multiplier that arises from equal increases in government spending and taxes is called the
A) balanced budget multiplier. B) simple multiplier. C) tax multiplier. D) government spending multiplier.
Economics
Compared to other industrial nations, inflation rates in the United States are:
A. significantly higher. B. significantly lower. C. significantly higher than those in Europe and significantly lower than those in Japan. D. neither significantly higher nor significantly lower.
Economics