Which of the following goods is rival and excludable?

Economies organize according to the principle of specialization and exchange because doing so

a. enables the government to exercise greater control than would otherwise be possible b. forces people to work longer hours than they would do normally c. eliminates the "law of increasing opportunity costs" d. enables workers to move up to management in the least amount of time e. enables greater production and higher standards of living to be realized than would otherwise be possible

Which of the following is NOT a positive statement?

A) The unemployment rate is 5.8 percent. B) The inflation rate for 2002 was 2.3 percent. C) The national debt is too high. D) The federal government budget for 2004 is $2.2 trillion.