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C 1) A public choice is
A) government failure
B) lack of government trust
C) government as usual
D) politics
A 3) A price floor
A) nonrival.
B) both nonrival and nonexclusive.
C) nonexclusive.
D) a free good.
A) nonrival; excludable
B) nonrival; nonexcludable
C) rival; excludable
D) rival; nonexcludable
A) public good.
B) mixed good.
C) private good.
D) service.
A) rival; excludable
B) nonrival; nonexcludable
C) rival; nonexcludable
D) nonrival; excludable
A) eating an apple.
B) dumping soapsuds into a trout stream.
C) national defense services.
D) planting flowers along an interstate highway.
A) a competitive good
B) a public good
C) an excludable good
D) an external benefit
A) rival.
B) nonrival but excludable.
C) excludable.
D) nonexcludable.
False T or F
False T or F Advertisement
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True T or F
True T or F
False T or F
False T or F
True T or F
True T or F
False T or F