Author Question: An economic activity in which benefits or costs affect third parties is called A) a public good. ... (Read 58 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
An economic activity in which benefits or costs affect third parties is called
 
  A) a public good.
  B) a third-party good.
  C) the exclusion principle.
  D) an externality.

Question 2

The rationing function of prices refers to
 
  A) the situation when government must intervene in a market when there is a large shortage or surplus.
  B) the synchronization of decisions by buyers and sellers that leads to an equilibrium.
  C) the synchronization of decisions by buyers and sellers through the direction of government agencies.
  D) the situation when only the rich get the goods they want.


tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

For a complete list of videos, visit our video library