Which of the following displays these two characteristics: nonrivalry and excludability?
A) public goods B) private goods
C) quasi-public goods D) common resources
C
Economics
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Which of the following statements is true?
A) The slope of the labor supply curve depends only on the income effect of a wage rate change. B) The income effect and the substitution effect of a wage rate change work in the same direction. C) The income effect and the substitution effect of a wage rate change work in opposite directions. D) The slope of the labor supply curve depends only on the substitution effect of a wage rate change.
Economics
When buying a piece of equipment, it is always best for the firm to pay cash instead of borrowing the funds since this renders the equipment less costly
Indicate whether the statement is true or false
Economics