Which of the following commodities is a demerit good?
A) a lighthouse
B) national defense
C) alcohol
D) public education
Correct Answer:
Verified
Q18: The legal system in Canada generally tends
A)to
Q19: The opportunity cost of providing a public
Q20: The provision of a legal system is
Q21: Which of the following activities is NOT
Q22: Which of the following does NOT involve
Q24: Which of the following is a demerit
Q25: In the absence of government intervention
A)free-rider problems
Q26: The free-rider problem is
A)the use of the
Q27: Which of the following definitely would NOT
Q28: A merit good is a good or
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