Which of the following is a property of a public good?
a. It is established by legislation. b. Free riders are excluded.
c. Users collectively consume benefits. d. It is determined by positive economics.
c
Economics
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A Mexican oil field service company works on oil rigs in the U.S. The value of the company's services produced by Mexican citizens and the equipment they own is included in
a. Mexican GNP and U.S. GNP. b. Mexican GDP and U.S. GNP. c. Mexican GNP and U.S. GDP. d. Mexican GDP and U.S. GDP.
Economics
Lags in the policy-making process come from:
A. the time it takes for policy to have an impact on the economy. B. the process of deciding on and passing legislation. C. lack of understanding the current state of the economy. D. All of these are true.
Economics