A true public good is characterized by
a. depletability but not excludability.
b. excludability but not depletability.
c. both depletability and excludability.
d. neither depletability nor excludability.
d
Economics
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When spending and incomes in an economy increase,
A) imports are likely to increase. B) imports are likely to be unchanged. C) imports are likely to decrease. D) exports are likely to decrease.
Economics
Comparative advantage is defined as
A) producing all goods at lower opportunity costs than other countries can. B) producing more output of all goods than anyone else can. C) producing one good at a lower opportunity cost than another country can. D) the ability to produce more output from given inputs than anyone else can.
Economics