A public good is
a. any good provided by government.
b. a good that can be most cheaply provided by government, though it may in fact be provided by private enterprise.
c. a good whose benefits cannot readily be restricted to a small group of people.
d. a good whose benefits cannot be enjoyed by an individual alone.
c
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________ is a calculation that adds up costs and benefits using a common unit of measurement, like dollar values
A) Expenditure-income analysis B) Budget constraint analysis C) Revenue-income analysis D) Cost-benefit analysis
In a country with floating exchange rates, the increase in the real income is the result of a(n) ________ in the money stock when capital mobility is ________
A) increase; high or low B) decrease; high or low C) increase; high D) decrease; low