Multiple Choice
National Defense is largely provided by public agencies because
A) technical changes have enhanced the public good characteristics
B) governments are afraid of being overthrown
C) the benefits are often small
D) private production leads to moral hazard problems
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Property rights are limited:<br>A)by people's ignorance.<br>B)in order
Q4: When the recipient of an externality pays
Q5: When an economic agent affects the well
Q6: Which of the following is a Pareto-
Q7: The presence of negative externalities:<br>A)does not create
Q9: The fundamental reason for the existence of
Q10: The price charged for a nonrivalrous good
Q11: Market demand for a public good is:<br>A)obtained
Q12: Non- zero transaction costs are a result
Q13: When transaction costs are positive:<br>A)property rights are