Many of the goods that I own or could imagine are __________
I can exclude
others from their benefits and the benefit I derive from the goods reduces others'
ability to benefit.
a. services
b. public goods
c. private goods
d. normative
Question 2
Utilitarianism is
a. a belief that people should act to maximize the utility of everyone involved
b. the view that people ought to do whatever is in their self-interests.
c. a theory that people should choose to do that which produces the best overall
consequences.
d. a requirement to do something
Worldly Goods
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In the reaction C(s) + O2(g) CO2(g) carbon is __________.
Draw an Edgeworth box for two consumers over two goods