James is responsible for the upkeep of the neighborhood garden. To keep the garden well-maintained, he allows only the senior citizens of the neighborhood into the garden for early morning walks and exercise. The garden is an example of a(n) ____

a. merit good
b. club good
c. public good
d. inferior good

b

Economics

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The longer you have to wait to receive a payment,

A) the lower the interest rate you will charge on the payment. B) the more you are willing to discount the payment. C) the greater value it will have to you. D) the less value it will have to you.

Economics

If Dana can paint his house faster than Luke, a professional house painter, then

a. Dana has a comparative advantage in house painting b. Dana has an absolute advantage in house painting c. Luke has a comparative advantage in house painting d. Luke has an absolute advantage in house painting e. Dana should always paint his own house

Economics