Left to their own, private markets tend to:
a. under-allocate resources to public goods.
b. allocate the economically efficient amount of resources to public goods.
c. over-allocate resources to public goods.
d. produce no public goods.
a
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Who gains from imports? How do they gain? Who loses? How do they lose? Does the overall economy gain or lose from imports?
What will be an ideal response?
National saving equals
A) household saving + business saving. B) household saving + business saving + government saving. C) household saving + business saving + net taxes - government expenditure. D) Both answers B and C are correct.
Which price index published by the US federal government represents wholesale price changes?
A) Consumer Price Index B) Producer Price Index C) GDP deflator D) Dow-Jones Industrial Average
Which of the following is a pure public good?
a. cable TV service b. fire protection c. a fireworks display d. corn flakes e. higher education