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Author Question: Your next-door neighbour has a beautiful rose garden. However, you are allergic to roses and cannot ... (Read 86 times)

kodithompson

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on: May 25, 2020

Question 1

Because public goods are characterised by being collectively consumed
◦ the government cannot produce them.
◦ they are illegal.
◦ the private sector may not provide them because they cannot exclude those who do not pay.
◦ they are very expensive, thus the private sector cannot provide them.

Question 2

Your next-door neighbour has a beautiful rose garden. However, you are allergic to roses and cannot use your garden because of the rose pollen that drifts into it. In this case, the rose garden is an example of
◦ a free-rider good.
◦ a public good.
◦ a good that imposes an external cost.
◦ a good that provides an external benefit.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by kodithompson on May 25, 2020

Silverbeard98

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Reply #1 on: May 25, 2020
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.
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kodithompson

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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