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Author Question: Public goods are unlikely to be provided by the private sector because A) the production of the ... (Read 160 times)

storky111

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on: Jun 29, 2018
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.


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Dinolord

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

B

Answer to Question 2

C


storky111

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Reply #2 on: Jun 29, 2018
Thank you


Dinolord

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Reply #3 on: Jun 29, 2018
No problemo


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