A good is considered nonexcludable if
a. many individuals can share in the consumption of the same unit of the good.
b. the consumption of the good by one individual lowers the amount available for others.
c. it is impossible or very costly to exclude nonpaying customers from receiving the good.
d. its production is financed through tax revenue rather than market prices.
C
Economics
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If vouchers for a good or service given to consumers, then the supply curve ________ and the demand curve ________
A) shifts leftward; shifts leftward B) shifts leftward; shifts rightward C) shifts rightward; shifts rightward D) does not shift; shifts rightward E) shifts rightward; does not shift
Economics
The long-run Phillips curve shows an inverse relation between inflation and unemployment
a. true b. false
Economics