If the economy relies entirely on markets to answer the WHAT question,it tends to:
A) Overproduce private goods and overproduce public goods.
B) Overproduce private goods and under produce public goods.
C) Under produce private goods and overproduce public goods.
D) Under produce private goods and under produce public goods.
Correct Answer:
Verified
Q31: The market produces too few public goods
Q32: Public goods:
A) Can be consumed by more
Q33: The distinction between public goods and private
Q34: The federal government's role in protecting the
Q35: The market under produces public goods because:
A)
Q37: Externalities are the:
A) Domestic economic impact of
Q38: Since those who do not pay for
Q39: The free-rider problem arises because:
A) Private goods
Q40: Firms in Colorado dump waste into the
Q41: Private costs are identified as:
A) Costs borne
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