In economics, a public good
A. Is provided in an optimal amount by the market.
B. Is any good produced by the government.
C. Cannot be denied to consumers who have not paid.
D. Has social costs of production lower than private costs of production.
Answer: C
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What effect does an increase in the price level have on the demand for money and the demand for money curve?
What will be an ideal response?
Hummel is a line of figurines based on the artistic style of German nun Maria Innocentia Hummel and have become a collector's item. The Hummel figurines are almost uniformly "cute
" Lukas, Felix, Anya, and Hannah sell Hummel figurines through the internet. Their willingness to sell price for one figurine is: Lukas $240, Felix $180, Anya $150, Hannah $130. Suppose the price of a Hummel figurine is $150, who will sell their figurine? A) Anya and Hannah B) Lukas, Felix, and Anya C) Felix, Anya, and Hannah D) Hannah
Which of the following statements is false?
A) The Wilshire 5000 is a stock index that consists of the stocks of about 6,500 firms. B) Instead of buying a mutual fund that consists of various stocks picked by a fund manager you can buy a mutual fund that consists of the stocks that make up a particular stock index. C) The term Sypders stands for "Standard & Poors Direct Receipts." D) When an investor buys Spyders they are said to "buy the market."
Which of the following statements is true?
A. An increase in inventories can reduce gross investment. B. Government intervention to help recover from a recession can increase the government deficit. C. The aggregate expenditures model shows the relationship between unemployment and income. D. A decrease in imports reduces aggregate expenditures in the economy.