________ are non-excludable but rival in consumption.
A) Public goods
B) Private goods
C) Common pool resources
D) Club goods
Question 2
Economists argue for free trade in export markets because
A) all consumers and producers benefit from exporting goods.
B) the gains to the U.S. producers outweigh the losses to the U.S. consumers.
C) the gains to the U.S. consumers outweigh the losses to the U.S. producers.
D) no one is made worse off by exporting goods.
E) exporting goods decreases total surplus.
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Private practice setting.
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