People can be prevented from using a good if the good is
a. a private good or a club good.
b. a private good or a common resource.
c. a public good or a common resource.
d. a private good or a public good.
a
Economics
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If government spending and taxes increase by the same amount,
A) the IS curve does not shift B) the IS curve shift leftward C) the IS curve shifts rightward D) the LM curve shifts downward
Economics
The level of detail in an economic model
a. is as close as possible to the level of detail in reality b. depends on the purpose of the model c. is as complex as possible d. is the same regardless of the purpose of the model e. is as complex as possible to accomplish its purpose
Economics