Which of the following is most likely a private good?
A. National defense.
B. Sidewalks.
C. The administration of justice.
D. Bicycles.
Answer: D
Economics
You might also like to view...
The currency exchange rate is the rate at which one nation's currency can be exchanged for another
Indicate whether the statement is true or false
Economics
Suppose the annual inflation rate in an economy increases from 4 percent to 10 percent. Which of the following will be an appropriate policy measure in this situation?
a. A decrease in the tax rate b. An increase in government purchases c. An open market purchase of government bonds d. An increase in the reserve requirement
Economics