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Author Question: A particular good is not scarce when A) everyone is able to purchase as much of the good as they ... (Read 28 times)

BRWH

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on: Jun 29, 2018
A particular good is not scarce when
 
  A) everyone is able to purchase as much of the good as they wish to purchase.
  B) it is available in large enough quantities to meet everyone's needs.
  C) no one must sacrifice anything to obtain more of the good.
  D) there is a surplus of the good.

Question 2

Which of the following is the best example of a free good?
 
  A) HIV/AIDS cocktails freely distributed to people in developing countries
  B) The air you are currently breathing
  C) Public roads
  D) Public schooling in states where education is subsidized


joshraies

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

C

Answer to Question 2

B


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