For a public good, the marginal social benefit curve is the ________ summation of all the individual marginal benefit curves

For a private good, the marginal social benefit curve is the ________ summation of all the individual marginal benefit curves. A) horizontal; vertical
B) vertical; horizontal
C) vertical; vertical
D) horizontal; horizontal


B

Economics

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Of the following, the largest component of GDP is

A) personal consumption expenditure. B) gross private domestic investment. C) government expenditure on goods and services. D) net exports of goods and services.

Economics

What agreement has been reached to reduce the moral hazard problem and what does it require?

What will be an ideal response?

Economics

In the U.S., people tend to discard items rather than repair them because

a. Americans are lazy b. of the high opportunity cost of time c. it is costly to use land for waste disposal d. high wages in the waste disposal industry discourages repairs e. low wages in the repair industry encourages disposal

Economics

Which of the following is most likely to lead to an increase in the rental price of apartments near your campus?

What will be an ideal response?

Economics