What would be an example of a government good?
A) Antonio, the manager of the local Taco Hut, purchases a new deep fryer.
B) Rhianna gets a haircut.
C) Jake buys an iPhone.
D) Donald Trump purchases furniture for his office.
E) The local driver's license office purchases a new digital camera and printer.
E
Economics
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Space on a popular, public beach is ________ in consumption
A) non-excludable and non-rival B) excludable but non-rival C) excludable and rival D) non-excludable but rival
Economics
If a bank has $1 million in demand deposits, $400,000 in reserves, and faces a 30 percent reserve requirement, the amount of money that a bank could initially create by loaning out their excess reserves is:
a. $600,000. b. $400,000. c. $300,000. d. $100,000.
Economics