Multiple Choice
When the government bans a good:
A) it is attempting to solve the nonexcludability problem.
B) it makes acquiring that good illegal.
C) the cost of breaking the ban changes the trade-offs consumers face.
D) All of these statements are true.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Traffic lights would be considered:<br>A)a common resource.<br>B)a
Q81: Most goods are:<br>A)exclusive.<br>B)public goods.<br>C)rival in consumption.<br>D)nonrival in
Q87: The free-rider problem is triggered by being:<br>A)
Q88: Which of the following is not an
Q89: Goods that are rival in consumption and
Q90: One way the government decides how to
Q95: In a functioning market,people will buy a
Q96: In 2009,the Nobel Prize in economics was
Q97: If those who consumed common resources were
Q107: A smartphone would be considered:<br>A)a common resource.<br>B)a