Private decisions about consumption of common resources and production of public goods usually lead to an
a. efficient allocation of resources and external effects.
b. efficient allocation of resources and no external effects.
c. inefficient allocation of resources and external effects.
d. inefficient allocation of resources and no external effects.
c
Economics
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Each regional Federal Reserve Bank is owned by
A) the member banks in its district. B) the Federal Deposit Insurance Corporation. C) those who purchase its stock on the open market. D) the taxpayers in its district.
Economics
If a tax rate falls as a person's income rises, the tax is a:
a. proportional tax. b. progressive tax. c. regressive tax. d. poll tax. e. constant tax.
Economics