Four roommates share an off-campus house and equally share the cost of rent. Everyone says that she values a clean house, yet the house is usually dirty. To an economist, a clean house in this case represents
a. a common resource problem.
b. a public good.
c. a club good.
d. All of the above are correct.
a
Economics
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Which of the following is NOT a reason for rising health care expenditures in the United States over the last 40 years?
A) aging of the population B) technological change C) third-party financing of health care expenditures D) discovery of new diseases
Economics
Which movement between two points represents economic growth?
A. J to K
B. K to L
C. L to M
D. M to N
Economics