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2
If a local government gives out water filters to low-income families free of charge, they are:
◦ external goods.
◦ public goods.
◦ private goods.
◦ spillover goods.
3
Microeconomics / A public good is a good that:
« Last post by Anton on Today at 12:22 AM »
Great! Please up vote :D
4
Microeconomics / A public good is a good that:
« Last post by clippers! on Today at 12:22 AM »
Excellent
5
Microeconomics / A public good is a good that:
« Last post by Anton on Today at 12:22 AM »
is available for everyone to consume, regardless of who pays.
6
Microeconomics / A public good is a good that:
« Last post by clippers! on Today at 12:22 AM »
A public good is a good that:
◦ cannot be used by private citizens.
◦ is provided by the government.
◦ is available for everyone to consume, regardless of who pays.
◦ is consumed by a single person or household.
8
A market in which there are neither external benefits nor external costs is:
◦ inefficient.
◦ efficient and equitable.
◦ impossible.
◦ efficient.
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