Multiple Choice
To achieve the efficient level of national defense,
A) the government could provide national defense because it is a public good.
B) private firms can provide national defense because it is a private good.
C) the government can provide national defense because it is a private good.
D) the government can provide national defense because it is a common resource.
E) None of the above answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q42: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above
Q43: Why are private firms unable to produce
Q44: A good is nonrival if<br>A) only the
Q45: A good or resource is excludable if<br>A)
Q46: Fish in the ocean are an example
Q48: For a common resource,the marginal private cost
Q49: We determine the economy's marginal benefit curve
Q50: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q51: For which type of good is it
Q52: A public good is<br>A) rival and excludable.<br>B)