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 97 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?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

For a complete list of videos, visit our video library