The provision of public goods gives rise to

a. no externalities.
b. positive externalities.
c. negative externalities.
d. rivalries in consumption.

b

Economics

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When transportation costs fall, consumer prices have a tendency to rise

Indicate whether the statement is true or false

Economics

Economists refer to the simple relationship between consumption and income as

a. autonomous consumption b. the marginal propensity to consume c. the absolute income hypothesis d. disposable income e. the consumption function

Economics