The market mechanism is more efficient in allocating resources between time periods than it is in allocating resources among different industries.
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Q29: Government can deal with externalities through the
Q30: Low interest rates will persuade corporations to
Q31: There is no way that externalities can
Q32: Examples of public goods include national defense,
Q33: Private ownership of rivers and lakes will
Q35: Government gives subsidies to encourage production of
Q36: Public goods could effectively be provided by
Q37: Private goods are not excludable.
Q38: It is possible to charge a price
Q39: All externalities are detrimental.
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