When a good is nonrivalrous in consumption, then:
a. consumption by an additional individual will significantly reduce the benefits derived by others from a public good.
b. individuals who refuse to pay for a public good cannot be excluded from benefiting from it
c. consumption by an additional individual does not prevent others from benefiting from a public good.
d. individuals who refuse to pay for a public good can be excluded from benefiting from it.
c
Economics
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The idea that creating incentives for individuals and firms to increase productivity leading to an increase in long-run aggregate supply is
A) the Ricardian equivalence theorem. B) demand-side economics. C) supply-side economics. D) consistent with crowding out.
Economics
Define the quantity demanded of a good or service
What will be an ideal response?
Economics