An uncrowded toll road is ________ because it is ________
A) a public good; both nonrival and nonexcludable
B) not a public good; nonrival but excludable
C) not a public good; nonexcludable but rival
D) not a public good; both rival and excludable
B
Economics
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Everything else fundamentally remaining unchanged, the monetary approach predicts that a 5 percent cut in the money supply by the Fed will result in
A. an increase in foreign investments by the Americans. B. an appreciation of the U.S. dollar vis-à-vis other currencies. C. inflation in the U.S. economy. D. a decrease in the market rate of interest in the United States.
Economics
Refer to the graph shown. If the price were at the market equilibrium price, the total surplus would be equal to:
A. 400. B. 120. C. 80. D. 200.
Economics