Which of the following is an example of a public good?
a. telephone service
b. national defense
c. a city-owned bus
d. electricity generated by a city-owned public utility
b
Economics
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What is the opportunity cost of economic growth?
A) current period consumption goods B) land C) current period capital goods D) both current period consumption and capital goods E) both current period capital goods and land
Economics
Scarcity is a problem that will eventually disappear as technology advances
Indicate whether the statement is true or false
Economics