The mayor of Smallville allows all citizens to access his private swimming pool in summer. By doing so, he converts a _____ into a _____

a. private good; public good
b. public good; merit good
c. private good; club good
d. club good; private good

c

Economics

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Explain why a relative price is an opportunity cost

What will be an ideal response?

Economics

Currently, virtually the entire deficit in the U.S. is

a. cyclical. b. structural. c. transitional. d. frictional.

Economics