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Author Question: Any output combination along a production possibility frontier is associated with overused or ... (Read 52 times)

09madisonrousseau09

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on: Jun 29, 2018
Any output combination along a production possibility frontier is associated with overused or unattainable resources.
 
  Indicate whether the statement is true or false

Question 2

What is a public good?
 
  What will be an ideal response?


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joechoochoy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

A public good is a good that is non-rival in consumption and its benefits are non-excludable.


09madisonrousseau09

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

elyse44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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