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Author Question: Society is likely to over-allocate resources to produce goods that A) are public goods. B) are ... (Read 92 times)

ARLKQ

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on: Jun 29, 2018
Society is likely to over-allocate resources to produce goods that
 
  A) are public goods.
  B) are merit goods.
  C) generate positive externalities.
  D) generate negative externalities.

Question 2

Suppose the equilibrium quantity of ethanol has decreased. Which of the following could have caused this change?
 
  A) a decrease in demand
  B) an increase in supply
  C) an increase in quantity demanded
  D) an increase in quantity supplied


connor417

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

D

Answer to Question 2

A


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