The one characteristic that is not associated with a pure public good is
a. consumption of the good by one person doesn't prevent its consumption by others
b. the market produces less than the socially optimal quantity
c. no one can be excluded from consuming the good
d. the good can only be produced by the government
e. that even if one consumes more of it, there is still the same amount for others to consume
D
You might also like to view...
If the real interest rate increases, there is
A) an upward shift of the consumption function. B) a movement downward along consumption function. C) a change in the slope of the consumption function. D) a movement upward along the consumption function. E) a downward shift of the consumption function.
The above table shows production points on Sweet-Tooth Land's production possibilities frontier. Which of the following statements is TRUE?
A) Producing 0 chocolate bars and 100 cans of cola is both attainable and efficient. B) Producing 20 chocolate bars and 80 cans of cola is attainable, but inefficient. C) Producing 30 chocolate bars and 38 cans of cola is only attainable with an increase in technology. D) Producing 40 chocolate bars and 0 cans of cola is unattainable and inefficient.