Public goods represent ________ because by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably.
A. a market failure
B. efficient production
C. a negative externality
D. a positive externality
Answer: A
You might also like to view...
What do you think about international "Chapter 11"?
What will be an ideal response?
The capacity of a firm can best be described as:
A) when a firm are producing maximum output B) a firm's production when operating normal hours using a normal sized workforce C) when a firm makes full use of all the space available in his factory or building D) when all of the firm's workers are producing at their maximum potential
The "cost disease of personal services" phenomenon predicts that the price of tickets to baseball games and cell phone rates will increase at approximately the same rate
a. True b. False Indicate whether the statement is true or false
An economy growing at a steady rate of 2.3 percent per year doubles in size approximately every __________ years
A) 50 B) 35 C) 30 D) 43