Pure public goods
a. are goods that are provided by the government
b. are economically efficient
c. are economically inefficient
d. are both nonrival and nonexcludable
e. are Pareto optimal
D
Economics
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Growth in the United States from 1800 to 1900 can be characterized as
A) positive and increasing. B) negative. C) positive and flat. D) positive and decreasing.
Economics
The price elasticity of demand for labor will be smaller, the
A) smaller is the price elasticity of demand for the final product. B) easier it is to employ substitute inputs in production. C) larger is the proportion of wage costs in the total cost of production. D) longer is the time period under examination.
Economics