Which of the following is not true for a public good?
a. Marginal cost of serving public good to one more person is zero.
b. Free rider problem arises in case of public goods.
c. Exclusion is not possible in most of the public goods.
d. Public goods include only material commodities.
d
Economics
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Which of the following does NOT cause a shift in demand?
A) change in income B) change in tastes C) change in the price of the good D) change in the price of a related good
Economics
As the price level falls, buyers require less money for their purchases and the demand for money falls. A decrease in the demand for money will cause business investment to increase. This is called the _____
a. interest rate effect b. exchange rate effect c. wealth effect d. accelerator effect
Economics