Markets work well for allocating ____________ efficiently, but not always so well for allocating ______________________.
A. private goods; public goods
B. public goods; private goods
C. common resources; public goods
D. public goods; common resources
A. private goods; public goods
Economics
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If the nominal interest rate is 20% per year, how much money can an individual borrow today if she wants to repay $100 in one year?
A) $80.00 B) $83.33 C) $120.00 D) $78.00 E) $121.00
Economics
When quantity supplied equals quantity demanded, there is:
a. disequilibrium b. excess quantity supplied. c. a market-clearing price (equilibrium price). d. excess quantity demanded. e. a shortage.
Economics