This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Because public goods are characterized by being collectively consumed (Read 12 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

Public goods are generally produced by


◦ the government.
◦ monopolies.
◦ perfectly competitive industries.
◦ freely functioning markets.

Question 2

Because public goods are characterized by being collectively consumed


◦ the government cannot produce them.
◦ they are illegal.
◦ they are very expensive; thus the private sector cannot provide them.
◦ the private sector may not provide them because they cannot exclude those who do not pay.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tatyanajohnson on Apr 19, 2019

atrochim

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly


tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
Excellent


atrochim

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Cirrhosis. Cirrhosis is characterized by a chronic deterioration of the liver, replacing healthy cel Cirrhosis. Cirrhosis is characterized by a chronic deterioration of the liver, replacing healthy cel
This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc
Comparison of Principles of Abstinence-Only and Comprehensive Sex Education in the Public School Sys Comparison of Principles of Abstinence-Only and Comprehensive Sex Education in the Public School Sys
Large water tank, possibly a public or ritual bathing area, from Mohenjo-daro, Indus Valley ... Large water tank, possibly a public or ritual bathing area, from Mohenjo-daro, Indus Valley ...
A chest X-ray showing pneumonia characterized by the patch of gray-white areas. A chest X-ray showing pneumonia characterized by the patch of gray-white areas.
Percent of Selected Foods and Beverages Consumed in the United States Percent of Selected Foods and Beverages Consumed in the United States
Video: Cognitive development by Piaget (Preoperational stage or intelligence)

For a complete list of videos, visit our video library