Nonrivalry and nonexcludability are the main characteristics of:
A. consumption goods.
B. capital goods.
C. private goods.
D. public goods.
Answer: D
Economics
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If the price elasticity of supply is 2 and the quantity supplied decreases by 6%, then the price must have decreased by 3%
a. True b. False Indicate whether the statement is true or false
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The optimal amount of social regulation occurs where the marginal benefit of such regulation:
A. equals the marginal cost. B. exceeds the marginal cost by the greatest amount. C. is zero. D. is at its maximum.
Economics