If the consumption of a good decreases the quantity available for another person, the good is rival
Indicate whether the statement is true or false
TRUE
Economics
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Which of the following is a widely used measure of the standard of living?
(a) Nominal output per person employed; (b) Nominal output per head of population; (c) Real income per head of population; (d) Real output per unit of capital.
Economics
Which of the following contribute to high levels of U.S. production?
a. Immigration restrictions. b. Barriers to trade. c. Labor-intensive production. d. Abundant factors of production.
Economics