Multiple Choice
In the market for a good like ice-cream cones:
A) an inefficient number of ice-cream cones will be produced
B) the sum of producer surplus and consumer surplus is minimised
C) price adjusts to balance supply and demand
D) people's wants are not met adequately
Correct Answer:

Verified
Correct Answer:
Verified
Q17: The Occupational Safety and Health Administration (OSHA)
Q34: Assuming that everyone prefers to live in
Q40: Basic research is a public good because
Q60: Even economists who advocate small government agree
Q70: Historically speaking, when a city builds more
Q89: Explain the fundamental reason that common resources
Q122: Careers that lend substance to the approach
Q136: Oil deposits are often considered a common
Q139: Jack criticises the idea of road tolls
Q161: A good solution to saving the tiger