A Congested Side Street in Your Neighborhood Is

question 340

Multiple Choice

A congested side street in your neighborhood 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.

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Definitions:

Tariffs

Taxes imposed on imported goods and services to increase their price and protect domestic industries.

Interest Rates

The price paid for borrowing money, usually expressed as a percentage rate over a period of one year.

Balance Of Trade

The difference between imports from and exports to another country. If imports are larger a trade deficit exists. If exports are larger there is a trade surplus.

Investing Activities

Transactions and events related to the acquisition and disposal of long-term assets and investments, reported in the cash flow statement.