Author Question: A fundamental aspect of public goods is that they A) are just like private goods EXCEPT that ... (Read 191 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
A fundamental aspect of public goods is that they
 
  A) are just like private goods EXCEPT that everybody wants to consume the same amount.
  B) have positive externalities.
  C) are characterized by the principle of rival consumption.
  D) can be consumed jointly by many people simultaneously.

Question 2

Government policies such as price controls, rent controls, and quantity restrictions have the effect of
 
  A) promoting the attainment of an unhindered market equilibrium.
  B) allowing quantity demanded to adjust to equality with aggregate supply.
  C) creating excess quantities demanded or excess quantities supplied.
  D) pushing prices to market clearing levels more rapidly than private market forces.



memslove

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

For a complete list of videos, visit our video library