What properties distinguish private goods from public goods?
a. preventive and curative
b. exclusiveness and rivalry
c. social and cooperative
d. merit and lack of merit
e. market and nonmarket
B
Economics
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The components of aggregate expenditure are consumption expenditure,
A) investment, government expenditure on goods and services, and net exports. B) investment, government expenditure on goods and services, and net taxes. C) interest, government expenditure on goods and services, and net exports. D) investment, government expenditure on goods and services, and net income. E) interest, gross spending, and net spending.
Economics
How does the relative price and a household's real income influence its budget line?
What will be an ideal response?
Economics