Classifying a good as rival means
A) that when one person consumes a unit of the good no one else can consume it.
B) anyone who does not pay for the good cannot consume it.
C) that the good is produced in a competitive market.
D) that there is a shortage of the good.
A
Economics
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Which of the following is an automatic stabilizer?
I. inheritance taxes II. government payments to war veterans III. aid to families with dependent children IV. sales taxes A) I, II, III, and IV B) I, II, and III only C) II and III only D) III only
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Purchases of Huggies diapers should
A) increase in recessions and decrease in expansions. B) decrease in recessions and increase in expansions. C) remain fairly constant over the business cycle. D) increase in recessions and remain constant in expansions.
Economics