Free market economies underproduce goods with positive ...

[melly21297]

Free market economies underproduce goods with positive externalities because
 
  A) there are no benefits to the production of these goods.
  B) the additional social benefits are not taken into account by the marketplace.
  C) the additional social benefits cannot be measured.
  D) the additional social benefits are too small to matter.

Question 2

Identify at least three key factors in the high-growth Asian economies' economic success.
 
  What will be an ideal response?

[Pariscourtney]

Answer to Question 1

B

Answer to Question 2

These would include macroeconomic stability; strong, credible commitments to sharing economic growth across all levels of society, including an emphasis on education that helped raise productivity in the labor force; high levels of savings; an emphasis on exports but an openness to imports

[melly21297]

Gracias!

[Dominic]

Thanks for the timely response, appreciate it