What are the two characteristics that differentiate private goods from public goods?
A. marginal cost and marginal benefit
B. negative externality and positive externality
C. ownership and usage
D. rivalry and excludability
Answer: D
Economics
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Sammy has a drone that he values at $1,500. Frank values the same drone at $1,000. The government offers a subsidy of $800 to the buyers of drones, and Sammy and Frank agree on a price of $1,600. The cooperative surplus for Sammy and Dean will be
A) $200. B) $300. C) $600. D) $800.
Economics
A decrease in monetary base ________ the quantity of money, the interest rate ________, and the quantity of money demanded ________
A) decreases; falls; decreases B) decreases; falls; increases C) decreases; rises; increases D) decreases; rises; decreases E) increases; falls; decreases
Economics