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

Author Question: Economic bads are items A) for which the produced quantity is less than the amount desired at a ... (Read 93 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
Economic bads are items
 
  A) for which the produced quantity is less than the amount desired at a positive price.
  B) for which the desired quantity is less than what nature provides at a zero price.
  C) that individuals desire but which receive social disapproval.
  D) that receive social approval but which governments dislike.

Question 2

Consumers are sovereign when
 
  A) prices are decided by sellers.
  B) a few consumers exercise coercion on sellers and other consumers.
  C) they can prevent market failure.
  D) they have the freedom to decide what they wish to purchase.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hramirez205

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

B

Answer to Question 2

D




sc00by25

  • Member
  • Posts: 596
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


mohan

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

For a complete list of videos, visit our video library