A museum is NOT a public good if
A) there can be no congestion.
B) the museum receives donations from members of the public.
C) an entry fee is charged and people are denied entry if they do not pay.
D) the general public typically does not go to the museum.
C
Economics
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A technological improvement lowers the cost of producing corn. As a result, the price of a pound of corn ________ and the quantity of corn ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) falls; does not change
Economics
The study of the decisions of individual units in the economy is known as
A) macroeconomics. B) microeconomics. C) the study of incentives. D) ceteris paribus study.
Economics