Ecn441 exam 1 - Study guides, Class notes & Summaries
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ECN441 Exam 1 Latest Update
- Exam (elaborations) • 4 pages • 2023
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ECN441 Exam 1 Latest Update ...
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ECN441 Exam 1(^o^)/ Questions and Correct Answers Rated A+
- Exam (elaborations) • 4 pages • 2023
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The nominal interest rate is: - not adjusted by inflation. 
 
There can be an efficient amount of a public good provided in the private market if producers can - Overcome the non-excludability of the good 
 
Public goods are goods that are: - Non-rival in consumption, and non-excludable 
 
Cost-benefit analysis is a way to: - rank projects according to their marginal net benefits. 
 
Suppose the government provides some amount of a public good, but it results in a reduction of privat...
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