________ are generally produced by the government.
A. Externalities
B. Public goods
C. Private goods
D. Market failures
Answer: B
Economics
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Is the minimum wage fair?
A) Yes, because all workers benefit because they are paid more. B) No, because it enhances the prospects of voluntary exchange. C) No, because workers who lose their jobs are made worse off. D) Yes, because firms must pay a wage closer to a living wage. E) Yes, because workers need the extra income.
Economics
If the real interest rate rises, the quantity of investment demanded:
A. will fall. B. will not change. C. will rise. D. could rise or fall.
Economics