Which of the following explains what would likely happen if public goods were marketed like private goods?
A. Many consumers would want to buy the goods.
B. Government failure would result.
C. Public goods would be overproduced.
D. Public goods would be underproduced.
Answer: D
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Which antitrust act was passed to protect independent retailers from "unfair discrimination" by chain stores?
A) Federal Trade Commission Act B) Robinson-Patman Act C) Sherman Act D) Wheeler-Lea Act
For any country that allows free trade,
a. domestic quantity demanded is equal to domestic quantity supplied at the world price. b. domestic quantity demanded is greater than domestic quantity supplied at the world price. c. both producers and consumers in that country gain when domestic products are exported, but both groups lose when foreign products are imported. d. the domestic price is equal to the world price.
From 1999 to 2007, U.S. imports from Mexico grew each year by approximately
A. 15%. B. 75%. C. 5%. D. 22%.
The problem typically during a recession is not that there is too little money, but too little spending. If the problem was too little money, what would be its cause? If the problem was too little spending, what could be its cause?
What will be an ideal response?