If the demand of a good is inversely related to income, it must be

Markets are generally more effective at providing ________ and governments are most effective at providing ________

A) pure public goods; common pool resources B) pure private goods; pure public goods C) common pool resources; club goods D) club goods; pure private goods

Agreements to abolish most barriers to trade among nations are known as:

a. collusive trade agreements. b. discriminatory trade agreements. c. neutral trade agreements. d. preferential trade agreements. e. retaliatory trade agreements.