Goods that are not excludable are usually
a. higher priced than excludable goods.
b. higher priced than rival goods.
c. in short supply.
d. free of charge.
d
Economics
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In economics, international trade is based on the existence of
A) absolute advantage between countries. B) relative advantage between countries. C) comparative advantage between countries. D) output advantage between countries.
Economics
As conventionally measured, budget deficit and surplus calculations include the revenues and expenditures of
a. only current government operations; government trust funds are omitted. b. all government trust funds except Social Security. c. the Social Security Trust Fund, but other government trust funds are omitted. d. all government trust funds, including Social Security.
Economics