An internet radio broadcast is
a. excludable and rival in consumption.
b. excludable and not rival in consumption.
c. not excludable and rival in consumption.
d. not excludable and not rival in consumption.
d
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Which of the following statements is true?
A) Another name for capital consumption allowance is depreciation. B) When there are two consecutive quarterly declines in Real GDP the economy is said to be in recession (based on the standard definition). C) In the expansion phase of a business cycle, Real GDP rises beyond the recovery. D) a and b E) a, b, and c
The government in Dirk’s country make sure its citizens get a good basic education, but it is still much poorer than its neighbors. What step might Dirk’s government take to further improve its human capital and thus increase its economic growth rate?
a. It could strive to improve health conditions. b. It could use irrigation to increase farmland. c. It could invite foreign companies to build advanced factories there. d. It could offer grants for research.