Multiple Choice
Which of the following is usually true about government-provided goods?
A) These goods have a zero opportunity cost.
B) These goods are not scarce.
C) People do not have to pay an explicit fee to enjoy these goods.
D) The invisible hand is at work to ensure these goods are provided in the market
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Common resources and public goods have in
Q17: What can the government do to solve
Q18: What do we mean when we say
Q19: The government often intervenes when private markets
Q20: Aristotle writes, "What is common to many
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
Q26: When property rights are not well established,<br>A)private