This topic contains a solution. Click here to go to the answer

Author Question: Public goods are unlikely to be provided by the private sector because A) the production of the ... (Read 176 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
Public goods are unlikely to be provided by the private sector because
 
  A) the production of the good creates negative externalities.
  B) no one can be excluded from the consumption of the good.
  C) the consumption of the good creates negative externalities.
  D) the exclusion principle does not apply to public goods.

Question 2

A price floor that is set above market equilibrium will cause
 
  A) an excess quantity demanded.
  B) a shortage.
  C) a surplus.
  D) queuing on the part of consumers.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

B

Answer to Question 2

C





 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

For a complete list of videos, visit our video library