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Author Question: When there are too few or too many resources going to an economic activity A) a public good ... (Read 26 times)

joblessjake

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on: Jun 29, 2018
When there are too few or too many resources going to an economic activity
 
  A) a public good exists.
  B) a market failure exists.
  C) consumer sovereignty exists.
  D) a free-rider problem exists.

Question 2

Which of the following is NOT one of the basic questions that an economic system attempts to answer?
 
  A) How to eliminate choices?
  B) What to produce?
  C) How will goods and services be produced?
  D) For whom will goods and services be produced?


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juiceman1987

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

B

Answer to Question 2

A


joblessjake

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bdobbins

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Reply 3 on: Yesterday
Excellent

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