If Good X has social demand that is less than market demand, then Good X must be a
A. Good suffering from the free-rider problem.
B. Good with an external cost.
C. Good with an external benefit.
D. Public good.
Answer: B
Economics
You might also like to view...
In the long run, an increase in aggregate demand causes the price level to _______ and the long-run aggregate supply curve to _____________
a. decrease; decrease b. increase; increase c. decrease; remain unchanged d. increase; remain unchanged
Economics
Which of the following is true in the short run?
What will be an ideal response?
Economics
Resources are
A) unlimited. B) able to be replicated in large quantities. C) what people would buy if their income was unlimited. D) used to produce goods and services to satisfy people's wants.
Economics
Wealth is a flow measure.
Answer the following statement true (T) or false (F)
Economics