Private markets are most likely to produce goods that are
a. neither rival nor excludable
b. rival, but not excludable
c. socially desirable, regardless of whether they are rival or not
d. both rival and excludable
e. rival, but not profitable
D
Economics
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With which choice are you more likely to avoid Bid-rigging cartels?
a. Holding Vickery auctions b. Holding sealed-bid auctions c. Holding English auctions d. Both A&B
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If the economy is in equilibrium at less than full employment, Keynesian economists would recommend that the government
a. do nothing b. pursue fiscal policy to stimulate aggregate demand c. pursue fiscal policy to stimulate aggregate supply d. balance the budget e. cut government spending to eliminate deficit spending
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