Give an example of a public good. Explain what characteristics make this good a public good
What will be an ideal response?
Student responses will vary. The student should explain that the good is nonrival and nonexcludable.
Economics
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The presence of information and transactions cost result in all of the following EXCEPT:
A) reduced efficiency of financial markets. B) higher returns for savers C) some funds not being lent at all D) borrowers need to pay more for funds
Economics
According to John Maynard Keynes' General Theory of Employment, Interest and Money, the government should _____ in order to get an economy out of a depression
a. increase spending b. decrease spending c. reduce subsidies d. increase taxes e. allow the economy to correct itself
Economics