Answer to Question 1
Goods like clean air and street lighting are public goods. This means that individuals can consume these goods even without paying for them as they are non-rival and non-excludable. Such goods present particular problems for markets to provide because consumers have an incentive to act as free-riders; they can consume public goods even if they do not pay for them. Therefore, the problem with efficiently providing public goods is that consumers aren't willing to pay for them because no one can be excluded from consuming them once they are provided.
Answer to Question 2
Rule of reason is the criterion introduced by the Supreme Court in 1911 to determine whether a particular action was illegal (unreasonable) or legal (reasonable) under the terms of the Sherman Act.
Many types of edible fungi are grown for the market.
In this cartoon, Boss Tweed welcomes cholera—a skeletal figure of death carrying a handbag from “Asi
The exhaust gas recirculation system is more efficient at controlling NOx emissions if the exhaust ...
Cards Used in a Socially Situated Version of the Problem-Solving Test
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
Access to clean drinking water is just as important as adequate nutrition for human health