This topic contains a solution. Click here to go to the answer

Author Question: Public goods are unlikely to be provided by the private sector because A) the production of the ... (Read 111 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
Public goods are unlikely to be provided by the private sector because
 
  A) the production of the good creates negative externalities.
  B) no one can be excluded from the consumption of the good.
  C) the consumption of the good creates negative externalities.
  D) the exclusion principle does not apply to public goods.

Question 2

A price floor that is set above market equilibrium will cause
 
  A) an excess quantity demanded.
  B) a shortage.
  C) a surplus.
  D) queuing on the part of consumers.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

B

Answer to Question 2

C





 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

For a complete list of videos, visit our video library