Which of the following is probably the best example of a free good?
A) The air in your college classroom
B) A can full of garbage put out for trash collectors
C) Interstate highways
D) Free concert tickets, which were given to you by a friend
A
You might also like to view...
The funds used to buy and operate physical capital are
A) depreciation. B) financial capital. C) saving. D) wealth.
Exhibit 10-12 Income distribution for three countries QuintileCountry I (%) Country II (%) Country III (%) Poorest 6 8 4 Second12 12 8 Third15 15 10 Fourth27 30 30 Richest40 35 48 Exhibit 10-12 shows the percentage of income received by each population quintile. In Country I we can conclude that the:
A. richest 20 percent of the population received 25 percent of the economy's income. B. richest 20 percent of the population received 40 percent of the economy's income. C. richest 20 percent of the population received 80 percent of the economy's income. D. least-wealthy 20 percent of the population received 40 percent of the economy's income.