If a good is nonexcludable,
a. the providing it is Pareto optimal
b. people have an incentive to become free riders on that good
c. then it is probably also nonrival
d. then it is a pure public good
e. then it is a pure private good
B
Economics
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Real GDP per capita and other alternative measures of the quality of life are:
A. independent. B. directly correlated. C. poorly correlated. D. inversely related.
Economics
Refer to the information provided in Table 23.9 below to answer the question(s) that follow. Table 23.9
Refer to Table 23.9. If aggregate output equals ________, there will be a $20 billion unplanned decrease in inventories.
A. $100 billion B. $200 billion C. $300 billion D. $400 billion
Economics