The private market:
a. tends to overproduce public goods because they are nonrivlarous
b. can produce public goods more efficiently than the government can
c. earns excessive profit on public goods
Answer: c. earns excessive profit on public goods
Economics
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A federal system of governments can limit the problems posed by special interests because _____
a. it provides voters with other governments to compare to their own b. it increases the number of legislatures to oversee the bureaucracies c. it decreases rational ignorance d. b and c
Economics
If U.S. consumers increase their spending on hybrid cars by 60 percent, and 60 percent more hybrid cars are produced, this is known as the
A) majority rule. B) proportional rule. C) government rule. D) profit rule.
Economics