Which of the following statements is FALSE?
A) The total benefit of a public good equals the sum of the benefits to each person.
B) It is harder for society to produce optimal amounts of public goods than it is for private goods.
C) The United States Postal Service is not a public good.
D) People value public goods differently.
Correct Answer:
Verified
Q36: Private goods are both:
A) rival and nonexcludable.
B)
Q37: Public goods are:
A) excludable and rival.
B) excludable
Q38: Ocean tuna is an example of a:
A)
Q39: The difference between private goods and common
Q40: Common resources are:
A) excludable and rival.
B) excludable
Q42: A free rider is a person who:
A)
Q43: Uncongested, nontoll roads are a good example
Q44: Free riders are people who:
A) enjoy public
Q45: Why is national defense a public good?
I.
Q46: In which of the case below is
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