If no one can be prevented from using good x, then good x is one of two types of goods. What are those two types?
As described, good x is not excludable, so it must be either a common resource or a public good.
Economics
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Which of the following is the central bank for the United States?
A) the United States Treasury B) the Federal Deposit Insurance Corporation (FDIC) C) the Comptroller of the Currency D) none of the above
Economics
A firm's average costs will be falling whenever its:
a. marginal costs are positive. b. marginal costs are negative. c. marginal costs are less than average costs. d. marginal costs are less than fixed costs.
Economics