Public goods have two criteria, one of which is non-excludability. What does that mean?
A) it is not possible to exclude individuals from consumption.
B) it is not possible to produce them without externalities
C) consumption by one does not affect consumption of others
D) a and c.
Correct Answer:
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Q1: Which of the following occurs when all
Q3: The role of the Finance Commission in
Q4: The term 'Performance Budget' was coined by
A)administrative
Q5: If the public debt can be financed
Q6: Progressive Tax System is that system in
Q7: Who deals with income and expenditure of
Q8: Unfunded debts are those debts which are
Q9: Which one of the following is not
Q10: Government budget is balanced when
A)govt. expenditure outstrips
Q11: The government can collect funds from
A)taxes
B)fees
C)prices of
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