Author Question: Which of the following goods is least likely to be provided by the private sector? a. a good ... (Read 70 times)

anjilletteb · **on:** Jun 30, 2018

Which of the following goods is least likely to be provided by the private sector?
a. a good characterized by nonrivalry in consumption from which nonpaying customers can be excluded
b. a good characterized by nonrivalry in consumption from which paying customers cannot be excluded
c. a good characterized by rivalry in consumption from which nonpaying customers can be excluded
d. a good for which the marginal private benefit to an individual exceeds the marginal cost of producing the good

Question 2

Major U.S. exporters would be likely to oppose the sort of protectionist policies favored by domestic producers that compete with imports.
a. True
b. False
Indicate whether the statement is true or false