Admission to Disney World is an example of a private good from which nonpaying individuals can be excluded

a. True
b. False
Indicate whether the statement is true or false

True

Economics

You might also like to view...

Crowding out is most likely to occur with which of the following changes?

A) Decrease in government spending B) Increase in budget surplus C) Increase in budget deficit D) Decrease in the real interest rate E) Decrease in trade deficit

Economics

You have been promised a payment of $100,000 in the future. In which case is the present value of this future payment highest?

a. You receive the payment 2 years from now and the interest rate is 6 percent. b. You receive the payment 2 years from now and the interest rate is 4 percent. c. You receive the payment 3 years from now and the interest rate is 6 percent. d. You receive the payment 3 years from now and the interest rate is 4 percent.

Economics