Nonrivalry, as it relates to public goods, means that:
A. government-producer rivalry does not exist in this market.
B. producer rivalry does not exist in this market.
C. consumer-producer rivalry does not exist in this market.
D. consumer rivalry does not exist in this market.
Answer: D
Economics
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The real wage rate will fall if the
A) labor supply curve shifts rightward and the labor demand curve does not shift. B) labor supply curve shifts leftward and the labor demand curve does not shift. C) labor demand curve shifts rightward and the labor supply curve does not shift. D) labor demand curve shifts rightward more than the labor supply curve shifts rightward.
Economics
In the above figure, the most efficient way to produce 15 units is to hire
A) 2 workers. B) 3 workers. C) 4 workers. D) 5 workers.
Economics