Author Question: A fundamental aspect of public goods is that they A) are just like private goods EXCEPT that ... (Read 170 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?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

For a complete list of videos, visit our video library