Water is considered a scarce good rather than a free good because:
A) it has alternative uses.
B) it does not have alternative uses.
C) scarce goods are less expensive than free goods.
D) free goods are more expensive than scarce goods
Ans: A) it has alternative uses.
Economics
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If potential output exceeds actual output, the aggregate demand curve shifts downward over time
Indicate whether the statement is true or false
Economics
Using the above figure and the Pareto criteria to determine the public interest, would a move from point A to point C be in the public interest?
a. yes b. no c. possible, depending upon other factors d. cannot say using the Pareto criteria
Economics