In economics, a public good
A. Is provided in an optimal amount by the market.
B. Is any good produced by the government.
C. Cannot be denied to consumers who have not paid.
D. Has social costs of production lower than private costs of production.
Answer: C
Economics
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Explain why many economists are skeptical about whether Ricardian equivalence describes the behavior of households in the economy
What will be an ideal response?
Economics
Assuming that the exchange rate rises by 5 percent, hence, the dollar volume of exports rises by 5 percent, then foreign exchange earnings would
a. remain constant. b. increase by 5 percent. c. actually decrease by 5 percent. d. increase by 10 percent.
Economics