This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Because public goods are characterized by being collectively consumed (Read 34 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

Public goods are generally produced by


◦ the government.
◦ monopolies.
◦ perfectly competitive industries.
◦ freely functioning markets.

Question 2

Because public goods are characterized by being collectively consumed


◦ the government cannot produce them.
◦ they are illegal.
◦ they are very expensive; thus the private sector cannot provide them.
◦ the private sector may not provide them because they cannot exclude those who do not pay.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tatyanajohnson on Apr 19, 2019

atrochim

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly


tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
Excellent


atrochim

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Comparison of Principles of Abstinence-Only and Comprehensive Sex Education in the Public School Sys Comparison of Principles of Abstinence-Only and Comprehensive Sex Education in the Public School Sys
Propaganda to influence public opinion surrounds us, but most propaganda is covert, difficult to ... Propaganda to influence public opinion surrounds us, but most propaganda is covert, difficult to ...
Cortical EEG recorded during epileptic attacks. Notice that each trace is characterized by epileptic ... Cortical EEG recorded during epileptic attacks. Notice that each trace is characterized by epileptic ...
Multiple sclerosis is characterized by damage to the myelin sheath surrounding the axons of motor ... Multiple sclerosis is characterized by damage to the myelin sheath surrounding the axons of motor ...
What title would chemists give to an orbital characterized by n=8 and 1=4? What title would chemists give to an orbital characterized by n=8 and 1=4?
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library