Author Question: A fundamental aspect of public goods is that they A) are just like private goods EXCEPT that ... (Read 190 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?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

For a complete list of videos, visit our video library