When Something of Value Has No Price Attached to It

question 376

Multiple Choice

When something of value has no price attached to it,

• A)externalities will be present.
• B)production of the product has no cost.
• C)government should not intervene to produce the product.
• D)private companies will eventually produce the product, and the good will no longer be free.

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Definitions:

Farm Productivity

The measure of output (such as crops or livestock) produced per unit of input (like labor or land) in agricultural activities.

Developing Countries

Nations with lower levels of industrialization, lower standards of living, and often lower Human Development Index (HDI) scores than developed countries.

Primitive Farming

Basic agricultural practices involving simple techniques and tools, typically used in subsistence farming to meet the farmers' immediate needs.

HIV/AIDS

Human Immunodeficiency Virus (HIV) is a virus that attacks the immune system, and Acquired Immunodeficiency Syndrome (AIDS) is the most advanced stage of HIV infection, characterized by the occurrence of any of more than 20 opportunistic infections or HIV-related cancers.