Which of the following is an example of a public good?
A) a movie ticket
B) a cup of coffee
C) books at a public library
D) a railroad sign
D) a railroad sign
Economics
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John's utility of wealth curve is shown in the above figure. He currently has wealth of $20,000. If there is a 10 percent chance of losing all his wealth, what is the value of insurance against this loss?
A) $0 B) $2,000 C) $3,000 D) $17,000
Economics
According to Keynes,
A) the Great Depression was caused by ill-considered expansionary fiscal policy. B) balancing the budget in the midst of a depression would be a serious mistake. C) inflation is always and everywhere a monetary phenomenon. D) the Phillips curve is stable. E) none of the above
Economics