If Good X Has Social Demand That Is Less Than

question 74

Multiple Choice

If Good X has social demand that is less than market demand,then Good X must be a

• A)Public good.
• B)Good with an external cost.
• C)Good with an external benefit.
• D)Good suffering from the free-rider problem.

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Definitions:

Angle

A measure of rotation or the inclination between two lines or surfaces that intersect at a point.

Degrees

A unit of measurement used in various contexts, such as angles in geometry, temperature scales, or levels of achievement in education.

Cabinet Oblique

A form of oblique projection used in technical drawing where the receding lines are drawn half as long as they are in reality to reduce the distortion of the angle.

Receding Axis

An imaginary line that moves away from the observer, often used in technical drawing to illustrate depth or perspective.