Author Question: A fundamental aspect of public goods is that they A) are just like private goods EXCEPT that ... (Read 192 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?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

For a complete list of videos, visit our video library