Which of the following is a real-world example of a public good?
A) You are craving a Diet Coke® for lunch, so you purchase one from the hot dog stand in front of your classroom building.
B) National defense is available even for people who do not pay income taxes.
C) A person seated in a non-smoking section of a restaurant decides to sneak a few puffs of a cigarette.
D) A child receives a vaccination to prevent the spread of measles.
Correct Answer:
Verified
Q1: Negative externalities:
A)create a deadweight loss as do
Q2: Which of the following is not a
Q4: What must be true for the provision
Q5: A nonexclusive good:
A)is also non-rival.
B)is also rival.
C)must
Q6: A public good is a good:
A)that is
Q7: Which of the following is a real-world
Q8: An externality arises when:
A)an economic good is
Q9: Which of the following is a real-world
Q10: An example of a positive externality is:
A)a
Q11: When the market for product Y includes
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