Private markets will not provide the efficient quantity of a public good because
A) of the principle of minimum differentiation.
B) public goods are rival and excludable.
C) of rational ignorance.
D) of the free-rider problem.
D
Economics
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Suppose your marginal utility from consuming the 3rd slice of cake is zero, then your total utility from consuming cake is
A) negative. B) increasing. C) maximized. D) decreasing.
Economics
If Japan experiences a period of deflation and the United States does not, what will happen in the United States?
a. an increase in aggregate supply b. a decrease in aggregate supply c. a decrease in aggregate demand d. an increase in aggregate demand
Economics