Author Question: If a good is excludable, ________. A) one person's use of the good reduces the amount of the good ... (Read 225 times)

Chelseaamend · **on:** Jun 29, 2018

If a good is excludable, ________.

A) one person's use of the good reduces the amount of the good available to others
B) people can be prevented from using the good
C) more than one person cannot use the good at the same time
D) several people can use the good simultaneously

Question 2

Other things remaining the same, which of the following is likely to cause a decrease in both the wage rate and the number of workers hired in a glass factory?

A) The introduction of labor-saving technology in the factory
B) The introduction of labor-complementary technology in the factory
C) A decrease in the population in the region where the factory is located
D) An increase in the population in the region where the factory is located