sianphilpott7627 sianphilpott7627

27-11-2022
Social Studies

Answered

unlike a private good a public good

is characterized by rivalry and excludability.
produces no positive or negative externalities.
has benefits available to all, including nonpayers
has no opportunity costs

Answer :

Other Questions

A negative income elasticity of demand coefficient indicates that: The product is an inferior good The product follows the law of demand The product is a comple

1. Implicit and explicit costs are different in that: A. explicit coves are opportunity costs; implicit costs are not. B. implicit costs are opportunity costs;

Efficiency in a market is achieved when . a social planner achieved wand sets the quantity of output after evaluating buyers' willingness to pay and sellers' c

Accuracy in forecasting can be measured by: A)MSE B) MeP C) МАРЕ D) MTM E) ARC

A downward-sloping demand curve illustrates a. that demand decreases over time. b. that prices fall over time. C. the relationship between income and quantity d

The forces that make market economies work are: Answer Work and leisure. Politics and religion. Supply and demand. Taxes and government spending.

The free-rider problem exists when a good is: nonexcludable. rival in consumption. excludable and rival in consumption. excludable and nonrival in consumption

Which one of the following statements is not true? Total foxed costs remain the same regardless of volume. Total variable costs change with volume. Total variab

Standard deviation measures which type of risk? a.total b.nondiversifiable c.unsystematic .systematic e.economic

1) As output increases, average fixed costs A) decrease. B) initially decrease and then increase. C) remain constant. D) increase.