Public goods can be

Related MCQs

• In a public goods context, it is difficult to measure impact on real income because
• A public good is
• A public good will probably:
• The M RTS L,K between any two inputs be equal in the production of all commodities. 3. The MRPTx,y be equal to the MRSx,y for any two goods.
• The quantity of present goods that must be forgone to increase future consumption by 1 unit is called
• Market failure can occur when
• Externalities can be positive because
• Which method can help in obtaining a welfare improvement if externalites exist?
• The assigned Washington Post Op-Ed by Daniel Chirot can be interpreted as asserting that
• Externalities between two firms can be “internalized” if: I. The two firms merge. II. Bargaining costs are zero. III. The externalities affect each firm equally. IV. Marginal costs for both firms are constant. Which statement(s) correctly complete(s) the sentence?