Home / Questions / Public goods are always provided by the government because private markets do not have an
Public goods are always provided by the government because private markets do not have an incentive to provide them.
69) If you can consume a good without having to pay for it, the good must be nonrival in consumption.
70) Fireworks on the night on July 4th are neither rival nor excludable.
71) The free-rider problem is larger for private goods than it is for public goods.
72) Alissa is studying for her principles of economics exam. She tells her study partner that "Only a very small number of people ever get to become astronauts and go into space. Therefore space exploration is not a public good." Do you agree? Explain.
Dec 07 2019 View more View Less
Blake Knudson owns and operates Grab Bag Delivery Services. On January 1, 2018, Blake Knudson, Capital had a balance of $918,000. During the year, Blake made no additiona...
May 14 2020Frank plans to open a sporting goods store and to hire Gogi and Hap. Frank will invest only his own funds. He expects that he will not make a profit for at least eighteen...
Aug 08 2021Investment A has an expected return of $25 million and investment B has an expected return of $5 million. Market risk analysts believe the standard deviation of the retur...
Aug 24 2020A company s customer support division wants to test to see if that wait time for a consumer to talk to a representative is under 10 minutes. The manager proposes to test ...
Apr 14 2020What is meant if the price of a Corporate Bond trades for 103 ½ and 87 ¾ ?
Sep 05 2020A two-year European call option on a dividend-paying stock is currently selling for $10. The stock price is $84, the strike price is $80, and a present value of all futur...
May 16 2021In the section on the volatility of the global environment, several world events were listed that have had profound implications for the global and local strategies of MN...
Jul 27 202016 John’s manager, Betty, wanted to speak to him privately and asked him to walk with her to her next meeting. Betty ______ and walked quickly ahead of John, keeping her ...
Apr 13 2021For the theory section, show your work and do not round off your middle work. Keep your final answer to four (4) decimal places, where relevant.1. Why is randomiz...
Apr 02 2020Why do you think most Americans don’t recycle more?
Nov 26 2019