Fish in the ocean would be considered:
A. a common resource.
B. a public good.
C. a private good.
D. an artificially scarce good.
Answer: A
Economics
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The slope of the linear consumption function represents autonomous consumption expenditures
Indicate whether the statement is true or false
Economics
The Social Security system was founded
A) during the Civil War, to pay pensions for veterans. B) during the last years of the nineteenth century, as people who had once depended on having a family farm found themselves without a means of support. C) as the United States began to recover from the Great Depression. D) in response to concerns that arose during the high inflation of the 1970s.
Economics