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PiMaster314 PiMaster314
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5 years ago

Question 1.

Open, competitive output markets ensure that households do not end up with the wrong goods and services.



▸ true

▸ false

Question 2.

Your next-door neighbor has a beautiful rose garden, but you are allergic to roses and cannot use your yard because of the rose pollen that drifts into your yard. In this case, the rose garden is an example of a



▸ public good.

▸ good that imposes an external cost.

▸ good that provides an external benefit.

▸ Pareto good.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Kailz1218Kailz1218
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5 years ago
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PiMaster314 Author
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5 years ago
Smart ... Thanks!
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