Which of the following about public goods is true?
a. Consumption of a public good by one individual reduces the availability of the good for others.
b. It is extremely difficult to limit the benefits of a public good to only the people who pay for it.
c. Public goods are free to a society when they are produced by the government.
d. From an efficiency standpoint, a market will generally supply too much of a public good.
B
Economics
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In the figure above, which budget line has the lowest relative price of carrots?
A) AD B) BD C) CD D) The relative price is equal for all three budget lines.
Economics
Which of the following would shift the investment demand curve leftward?
a. Higher expected returns on investment b. A lower real interest rate c. A higher real interest rate d. Lower expected returns on investment
Economics