Which of the following displays these two characteristics: rivalry and nonexcludability?
A) a common resource B) a private good
C) a public good D) a quasi-public good
A
Economics
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As of December 2010+, the largest single component of M2 consists of
a. checkable deposits at banks. b. cash, coins, and other currency. c. savings deposits. d. gold and silver in commodity accounts.
Economics
If the Fed buys a T-bill from an individual rather than from a bank, the effect on the money supply is
a. smaller because there is no multiplier process. b. larger because of the multiplier process. c. the same. d. impossible to predict without knowing the value of the multiplier.
Economics