The two main characteristics of a public good are
A. nonrivalry and large negative externalities.
B. nonrivalry and nonexcludability.
C. nonexcludability and production at rising marginal cost.
D. production at constant marginal cost and rising demand.
Answer: B
Economics
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The goal of the World Bank is to
A) sell the government securities of member nations on the open market. B) supervise exchange rate stability. C) help finance economic development. D) supervise the activities of the central banks of member nations.
Economics
Total planned expenditure is composed as
a. planned investment. b. planned government spending and taxes. c. total investment, total consumption, and government spending. d. planned investment, planned government spending, and planned taxes.
Economics