The provision of public goods gives rise to
a. positive externalities, as does the use of common resources.
b. positive externalities, whereas the use of common resources gives rise to negative externalities.
c. negative externalities, whereas the use of common resources gives rise to positive externalities.
d. negative externalities, as does the use of common resources.
b
You might also like to view...
When all markets in the economy are simultaneously in equilibrium, we say
A) markets are complete. B) markets are perfect. C) there is disequilibrium. D) there is general equilibrium.
The open-economy macroeconomic model takes
a. GDP, but not the price level as given. b. the price level, but not GDP as given. c. both the price level and GDP as given. d. the price level and GDP as variables to be determined by the model.