Which of the following illustrates the concept of external benefit?
A) A gardener enjoys his flowers.
B) Neighbours enjoy a gardener's flowers.
C) Good weather increases the size of the wheat crop.
D) A new pesticide increases the size of the wheat crop.
Correct Answer:
Verified
Q1: When people determine the quantity of education
Q3: Q4: A free- rider problem occurs when the Q5: A government subsidy for a good Q6: To find the economy's marginal benefit curve Q7: Public goods create a free- rider problem Q8: Most governments subsidise basic education because
A)
A) has
A) of
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