In economics, a public good:
A.) Is any good produced by the government.
B.) Has social costs that are lower than private costs.
C.) Is provided in an optimal amount by the market.
D.) Cannot be denied to consumers who do not pay.
D.) Cannot be denied to consumers who do not pay.
You might also like to view...
The interest rate on a consol equals the
A) price times the coupon payment. B) price divided by the coupon payment. C) coupon payment plus the price. D) coupon payment divided by the price.
The policy of comparable worth has been more successful in the public sector than in the private sector
a. True b. False Indicate whether the statement is true or false
Which of the following is likely to happen if consumption in an economy falls?
A) Asset prices rise. B) Mortgage defaults fall. C) Labor supply falls. D) Layoffs rise.
The labor supply curve will shift to the right under which of the following conditions?
a. other things being equal, workers are willing to supply more hours of labor each week b. new workers enter the labor market c. a new law relaxes immigration quotas d. all of the above