« previous next »

Author Question: An economic activity in which benefits or costs affect third parties is called A) a public good. ... (Read 63 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
An economic activity in which benefits or costs affect third parties is called
 
  A) a public good.
  B) a third-party good.
  C) the exclusion principle.
  D) an externality.

Question 2

The rationing function of prices refers to
 
  A) the situation when government must intervene in a market when there is a large shortage or surplus.
  B) the synchronization of decisions by buyers and sellers that leads to an equilibrium.
  C) the synchronization of decisions by buyers and sellers through the direction of government agencies.
  D) the situation when only the rich get the goods they want.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism
Verification of benefits worksheet. Verification of benefits worksheet.
Perception Activity Perception Activity
A lesion called a plaque in the brain of an individual with Alzheimer disease. A ring of degeneratin A lesion called a plaque in the brain of an individual with Alzheimer disease. A ring of degeneratin
economic question economic question
How skeletal muscle activity encourages blood flow through veins How skeletal muscle activity encourages blood flow through veins
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library