What particular characteristic do public goods and common resources have in common?
Public goods and common resources are both nonexcludable; that is, people cannot be prevented from using these goods.
Economics
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Both M1 and M2 are monetary values much larger than nominal GDP
a. True b. False Indicate whether the statement is true or false
Economics
Current concern about Social Security is that
A. the fund might be depleted before long and might not be there for workers who retire later. B. the fund is growing too rapidly and would trigger inflation. C. the government is planning to phase out the program. D. none of these
Economics