The New York Times recently purchased the popular word game Wordle for more than $1 million. Before the purchase the game was offered for free. There is speculation that the New York Times may soon begin charging a fee to play the game. What kind of good is Wordle? Take a look at Figure 1 in Section 11-1 in Chapter 11. According to the table, what kind of good is Wordle now – Private good, club good, common resource, or public good? What kind of good would Wordle be if the New York Times charged a fee to play?
Explain whether each of the following is counted in the M1 measure…
Explain whether each of the following is counted in the M1 measure of the money supply: Cash that you have been saving from birthdays and special occasions. Money in your savings account at your credit union. Money in your checking account at your credit union. Visa gift cards. Available balance