Goods whose benefits to society are not diminished as more people consume them and whose benefits cannot be withheld from anyone are:
A. impossible since resources are limited.
B. examples of negative externalities.
C. public goods.
D. food and other necessities.
Answer: C
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As more and more businesses accept credit cards, the
A) demand for money decreases. B) supply of money decreases. C) quantity of money demanded decreases. D) demand for money increases. E) quantity of money demanded increases.
The largest component of national income is:
A) compensation of employees B) proprietor's income C) rental income D) corporate profits
In the Cobb-Douglas production function, the index of the overall level of efficiency of transforming capital and labor into real GDP is called
A) total factor productivity. B) allocative efficiency. C) the marginal efficiency index. D) the transformation allocation of inputs.
In general, it can be asserted that foreign aid promotes economic development
Indicate whether the statement is true or false