"I'm not going to pay for the good if, once produced, the good cannot be denied to anyone." This statement is most relevant to
A) negative externalities.
B) positive externalities
C) private goods.
D) nonexcludable public goods.
E) the issue of rivalry versus nonrivalry in consumption.
D
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What is most accurate about the United States' trading patterns between 1850 and 1900?
a. The US exported more finished manufacturers in 1850 than it did in 1900. b. Raw materials accounted for a greater share of US imports in 1850 than they did in 1900. c. Manufactured and raw foodstuffs accounted for about 75% of exports in both 1850 and 1900. d. In 1850, the US's largest export was raw materials and its larges import was finished manufacturers.
The market for economists in Greenland has recently experienced an increase in the number of economists employed and an increase in the wage paid to economists. What could have generated such a change?
A. The demand for economists remained unchanged while the supply of economists decreased. B. The demand for economists recently decreased while the supply of economists remained unchanged. C. The demand for economists recently decreased while the supply of economists recently increased. D. The demand for economists remained unchanged while the supply of economists increased. E. The demand for economists recently increased while the supply of economists remained unchanged.