Which example BEST fits the characteristics of a private good?
A) a seminar discussing developments in the study of economics
B) a book purchased from Barnes and Noble
C) fire service in a small town
D) vaccinations administered in elementary schools
Correct Answer:
Verified
Q211: The Coase theorem implies that:
A)private individuals will
Q212: Each year, around Christmas, you decorate your
Q213: In general, a corrective subsidy:
A)will fail in
Q214: The measles vaccine provides both private benefits
Q215: To encourage consumption of a good that
Q217: A pair of jeans that you purchase
Q218: (Figure: Public Goods and Common Resources) Use
Q219: (Figure: Public Goods and Common Resources) Use
Q220: Sunday afternoon NFL football games on television
Q221: Water available from a natural spring is
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