The problem with public goods is that
a) too many people are excluded from their use and must find alternatives in the private sector
b) the opportunity to act as a free rider is a disincentive to pay for public goods
c) they compete with private goods, driving companies out of business
d) they could be provided more efficiently by private companies
e) they are distributed according to willingness to pay rather than ability to pay
b) the opportunity to act as a free rider is a disincentive to pay for public goods
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Hyperinflation is defined as
A) declining inflation rates. B) rising but low inflation rates. C) very high inflation rates. D) very low inflation rates.
Industrial unions offer membership to all workers in a specific industry
Indicate whether the statement is true or false