Multiple Choice
When property rights are not well established,
A) private goods become public goods.
B) markets fail to allocate resources efficiently.
C) the distribution of private goods is unfair.
D) government resources are used inefficiently.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Which of the following is usually true
Q22: Even economists who advocate small government agree
Q23: Which of the following is not a
Q24: Knowledge that is patented is a<br>A)public good,
Q25: Because public goods are<br>A)excludable, people have an
Q27: Table 11-1<br>Consider the town of Springfield with
Q28: Although national defense is currently a public
Q29: Some goods can be classified as either
Q30: Table 11-2<br>Consider the city of Widgetapolis
Q31: What particular characteristic do private goods and