Which of the following is true of public goods?
a. They can only be supplied by the government.
b. They will tend to be supplied efficiently by the private sector when markets are competitive.
c. It is difficult to establish a one-to-one link between payment and receipt of such goods.
d. From an efficiency standpoint, private markets will tend to supply an excessively large amount of public goods.
C
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In 2008, the Bank of England increased the country's money supply and lowered its interest rate. This policy was designed to
A) encourage people to buy more goods and services. B) shift the aggregate demand curve rightward. C) cause a movement up along the aggregate demand curve. D) Both A and B are correct.
When there are only two firms in a market, a Stackelburg leader will choose the monopoly output
Indicate whether the statement is true or false