People can be prevented from using a good if the good is
a. a private good or a club good.
b. a private good or a common resource.
c. a public good or a common resource.
d. a private good or a public good.
a
Economics
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A lump sum tax is one for which the individual's liability does not depend on behavior.
A. True B. False C. Uncertain
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The productivity slowdown in the United States from 1973 to 1995
A. can be explained easily with economic theory. B. continued into the third millennium. C. still confuses economists. D. was a continuation of the slowdown from 1948 to 1973.
Economics
When MR < MC for a firm, the firm should
A) reduce its level of output. B) stay at the same level of output. C) stop producing. D) increase output, unless P < AVC.
Economics
Does peak load pricing lead to greater efficiency? Explain
Economics