Multiple Choice
When something of value has no price attached to it,such as a public good,what will likely happen
A) Externalities will be present.
B) The good will be completely used up.
C) Only those who are better off have to pay.
D) Private companies will eventually produce the product and the good will no longer be free.
Correct Answer:
Verified
Correct Answer:
Verified
Q118: A lighthouse that primarily benefits a single
Q119: How are club goods classified<br>A)excludable but not
Q120: In recognition of the overfishing that resulted
Q121: What is a good that is rival
Q122: Why is simply asking people how much
Q124: Apparently,human life does have an implicit dollar
Q125: When is a good excludable<br>A)when one person's
Q126: To increase safety at a bad intersection,you
Q127: The Tragedy of the Commons will be
Q128: Why are most lighthouses operated by the