A traffic light at an intersection is

a. rival and excludable in consumption.
b. not rival but excludable in consumption.
c. rival but not excludable in consumption.
d. not rival and not excludable in consumption.

d

Economics

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In the production function Y = A(G,P,T) F(K,R,H,N), the factors that affect the entire production process are

A) G,R,H. B) G,P,T. C) P,T,K. D) KRHN.

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In 2010, output per capita in China was approximately equal to

A) $2,100. B) $7,627. C) $22,100. D) $32,100.

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