Which of the following would be classified as a public good?

A) state lotteries
B) telephone service
C) cable TV programming
D) national defense

D

Economics

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If aggregate planned expenditures exceed real GDP, then

A) inventories increase above their planned levels and businesses decrease their production. B) inventories decrease below their planned levels and businesses decrease their production. C) there is no equilibrium level of real GDP. D) unplanned inventory changes equal zero. E) inventories decrease below their planned levels and businesses increase their production.

Economics

The four-firm concentration ratio (C4) of a market can be used to help determine whether firms may have market power.

a. true b. false

Economics