1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iragen [17]
3 years ago
7

Which of the following best defines an excludable good? Choose one: A. Buyers can restrict other buyers from making purchases in

that market. B. The government can prevent consumers from purchasing it. C. Once purchased, it is not available for others to buy. D. Sellers can restrict its benefits to those who pay for it.
Business
1 answer:
adelina 88 [10]3 years ago
8 0

Answer:C. Once purchased, it is not available for others to buy.

Explanation:

Economics refers to a good or service as excludable if a person who hasn't purchased it can not have access to it or enjoy its benefits. A good or service that can be enjoyed without having paid for it is called non excludable.

Excludable are those goods that once bought they exclusively belongs to that owner such as clothes, food , cars , reserved parking space. There is a competition for these goods and services cause they get owned privately and can't be available to another person once bought.

No excludable refers to those resources that are commonly shared by the public such as fish stocks, timber and coal. Free air channels and other public goods.There is no competition for these goods cause they are available to all consumers.

You might be interested in
Which two methods are used most often when establishing a transfer price??
SashulF [63]
Cost-based transfer pricing and market-based transfer pricing are the methods that usually used in establishing a transfer price. 

The cost-based pricing is used determine the price of the product by the method of calculation. It is the best way the company can maximize profit. 


The market-based pricing it when the company will look for the other product with similar price and evaluate it. 
4 0
3 years ago
During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during h
bearhunter [10]

Answer:

Grew by 2%

Explanation:

Given: nominal GDP =12% positive value cause it grew by 12% during these years.

              Population grew by 4%

              GDP deflator = 6% positive value cause it also grew by 6%

Question says we must find real GDP per person for the 4 year term that the president has served for so we will use the formula to calculate GDP Deflator to actually solve for Real GDP as we know the formula is GDP Deflator= (nominal GDP per person%)/(Real GDP per person%)x100

So we already have the nominal GDP and the GDP deflator therefore we substitute to the above formula:

6% = (12%)/ (Real GDP per person percentage) x100, and now we solve for Real GDP per person%

Therefore we multiply both sides with Real GDP percentage and get:

Real GDP per person %( 6%) = 12% and then we divide both sides with 6%,

Therefore Real GDP is 2% so we also see that real GDP has actual grown by 2% because the GDP deflator grew instead of decreasing where nominal GDP is also positive so if we have a fraction where an answer is positive we know both fraction values must be positive pus if the GDP deflator increases both nominal and Real GDP increase and that’s the relationship they have.

4 0
3 years ago
Expensive, high-quality products that are purchased infrequently often reach consumers through________.a. selective distribution
Lilit [14]

Answer:

b

Explanation:

highly-selective distribution.

6 0
3 years ago
If you were a career woman and time for you to love to do becomes a problem,which would you prefer to use of your baking needs—
Alina [70]

Answer:

Just Choose an side.

Explanation:

Would you rather use a store-bought mix, or a homemade mix? (Just choose one).

For homemade: I chose this because I would like to try something new and make different flavors, if it is a success.

For store-bought: I chose this because I want it to be easy for me to make, and has all the steps on the back of the box.

3 0
3 years ago
05) Assume that prices and wages adjust rapidly so that the markets for labor, goods, and assets are always in equilibrium. What
Kay [80]

Answer:

Explanation:

a. A temporary increase in government purchases would result in a  reduction in savings, which would, in turn, lead to the implementation of higher taxes by the government so as to match prices and wages.

This would: make output to remain unchanged, real interest to increase and current price level to increase as well.

b. A reduction in expected inflation would lead to an increment in the demand for real money, as people do not expect inflation to increase for a while. Thus, more demand creates a reduction in the price level. Everything else remains unchanged. This would: make output remain unchanged, real interest remain unchanged and the current price level to decrease.

C. A temporary increase in labor supply would make more people have jobs and therefore more people can save. If more people save the interest rates are liable to decrease therefore money demand will increase. This would: make output to increase, real interest to decline and current price level to decrease.

d. An increase in the interest rate paid on money will lead to a higher demand for money. With an unchanged nominal money supply and higher money demand, the price would decline but everything remains unchanged. This would make: output remain unchanged, real interest remains unchanged and the current price level decrease.

4 0
3 years ago
Other questions:
  • Assume that a butcher sells Cookout a quarter-pound of meat for $2 and that Cookout sells you a hamburger made from that meat fo
    15·1 answer
  • Margaret and Jack are working on a high-priority project with a tight deadline. When Margaret is unable to meet the deadline, Ja
    13·1 answer
  • Tommy Baker is an account representative from the United States for an automotive parts supplier and is meeting with a client te
    8·1 answer
  • The policy at Sunland Company is to expense all office supplies at the time of purchase. On the last day of the accounting perio
    12·1 answer
  • In your computer repair business, it takes an employee 40 minutes to remove a virus. The employee is paid $14 per hour. What is
    7·1 answer
  • When a company sponsors motor sports and other​ action-oriented events, it is utilizing the​ ________ mode of communication from
    6·1 answer
  • Seaburst Construction Project You are the project manager for the Seaburst construction project. So far the proj- ect is progres
    13·1 answer
  • At December 31, Hawke Company reports the following results for its calendar year.
    13·1 answer
  • 27.Your bank offers to lend you $100,000 at an 8.5% annual interest rate to start your new business. The terms require you to am
    5·1 answer
  • A financial statement is a summary of all the financial transactions that have occurred over a particular period. Also financial
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!