baughmank3012 baughmank3012

19-12-2022
Business

Answered

The market system does not produce public goods because:
O there is no need or demand for such goods.
O private firms cannot stop consumers who are unwilling to pay for such goods from benefiting from them
O public enterprises can produce such goods at lower cost than can private enterprises.
O their production seriously distorts the distribution of income.

Answer :

Other Questions

Operations management has the primary responsibility of: replacing quality with productivity in the manufacturing of goods. O creating goods and services that s

Question 1The relationship between consumption and disposable income is such that asconsumption rises, disposable income fallsdisposable income rises, consumpti

Which statement below regarding sustainable economic growth is FALSE? In a recession, public policy could help an economy return to full employment. A recession

Question 21The investment demand curve portrays an inverse (negative) relationship between:A. the level of investment spending and real GDP..B. the nominal inte

1. The primary goal of financial management is:a-Maximize current salesb-Maximize the current value of each common stock.c-Minimize operational costs2. Earnings

Dividends are subtracted from revenues on the income statement.True or False

What is the first step of the programming process? Select one: a. Survey, interview, or observe employees to determine needs. b. Set a schedule and deadlines fo

Which three of the following are cardholders considerations before purchasing? A. Determine if any special requirements or approvals are required B Check for av

Table 1 Suppose that a firm in a competitive market faces the following revenues and costs: Quantity Total Revenue Total Cost 0 $3 $0 1 $6 $5 2 $12 $8 3 $18 $1

Recognition of revenue from sale of finished goods is: Multiple Choice O An asset use transaction. O An asset exchange transaction. O An asset source transac